Philadelphia Fed index rises dramatically

The Philadelphia Fed's general economic index this month registered 32.1 compared with 25.9 in November. It represents the highest level in a decade with more factories hiring workers than at any time since April 1973, the report said.

Source: Bloomberg

An index of manufacturing in the Philadelphia region rose in December to the highest level in a decade and more factories hired workers than at any time since April 1973, a Federal Reserve report showed.

The Fed Bank of Philadelphia's general eco