Philadelphia Fed releases latest business survey


The Federal Reserve Bank of Philadelphia today (March 15) released the results of its March 2012 Business Outlook Survey.

On the whole, the manufacturing firms that responded to the survey suggested that regional manufacturing activity continued to grow at a moderate pace this month, said the Fed.

"The survey's broad indicators for general activity, new orders, shipments and employment all remained positive," it said. "Firms continued to report price pressures, but responses suggest that

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