Philly Fed Index Leaps To 3.2 From -7.7 in June

The region’s manufacturing sector increased in July as the general business conditions index jumped to positive 3.2 from negative 7.7 in June, this month’s Federal Reserve Bank of Philadelphia Report on Business indicated.

Economists surveyed by Thomson Reuters predicted a reading of positive 2.0 for the index.

For reprint and licensing requests for this article, click here.
MORE FROM BOND BUYER