Philadelphia Fed Business Outlook Survey, Mar 2005

According to the firms surveyed for the Philadelphia Fed's Business Outlook Survey, March 2005, activity in the region's manufacturing sector continues to expand, but at a slower rate than in February.

The survey points to expansion of the region's manufacturing sector, although indicators for general activity, shipments, employment, and work hours fell from their readings in February. Participants were asked about their actual level of inventories over the past three months and the factors

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