The Philadelphia region’s manufacturing sector expanded, though the general business conditions index decreased to 15.2 in January from a revised 22.5 in December, according to this month’s Federal Reserve Bank of Philadelphia Report on Business.

Economists surveyed by Thomson Reuters predicted a reading of 18.0 for the index.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.