The general business conditions index climbed to 10.3 from 3.6 in November, this month’s Federal Reserve Bank of Philadelphia Report on Business indicated.
Economists forecast a reading of 5.0.
The prices paid index was 33.7, compared to 22.8 last month.
The six months from now general business conditions index gained to 44.1 from 41.9 in last month’s survey. The capital expenditures index dropped to 13.1 from 16.1 last month.
Los Angeles Mayor Karen Bass aimed high in her State of the City speech just days before she will release a budget that needs to close a nearly half-billion-dollar deficit.
"We believe in this," Transportation Secretary Pete Buttigieg said.
The firm said Saporito's hiring is among several other additions made to beef up Wells Fargo's commitment to munis.
While Kansas' sales tax and revenue (STAR) bond program recorded its first default late last year, Bonner Springs is considering using it for a development that includes a Mattel toy-themed amusement park.
Brodie Killian has moved to PFM from Stifel Nicholas & Co., joining its Ann Arbor office as a director.
April continues to be "harsh" for munis as the asset class has given up roughly 72 basis points in the first two weeks of the month, said Jason Wong, vice president of municipals at AmeriVet Securities.
