Philly Fed Index at 20.2, Up From 18.9 in March

The region’s manufacturing sector continued to improve, as the general business conditions index increased to 20.2 in April from 18.9 in March, this month’s Federal Reserve Bank of Philadelphia Report on Business indicates.

Economists surveyed by Thomson Reuters predicted a reading of 20.0 for the index.

“The broadest survey measures remained positive this month, with measures of general activity and new orders showing a slight improvement from March,” according to the survey.

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