Philadelphia Fed Business Outlook Survey, Mar 2004

According to the firms surveyed for the Philadelphia Fed's Business Outlook Survey, March 2004 activity in the region's manufacturing sector continues to improve.

Although indicators for general activity and new orders fell from their February readings, they remain at relatively high levels. The employment index was positive again this month, but gains were modest. Firms reported an increase in industrial prices again this month. Expectations for overall manufacturing growth remain positive

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