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Philadelphia Fed Business Outlook Survey, Feb 2004

According to the firms surveyed for the Philadelphia Fed's Business Outlook Survey, February 2004 activity in the region's manufacturing sector continues to expand although indicators for general activity, new orders, and shipments fell from their January readings, they remain at relatively high levels.

Current indicators this month suggest that growth in the region's manufacturing is continuing, but the pace was slightly slower this month. Indicators for general activity, new orders, and

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