The region's manufacturing sector expanded in February at a swifter pace than in January, as the general business conditions index climbed to 10.2 from 7.3 in January, this month’s Federal Reserve Bank of Philadelphia Report on Business indicates.

Economists predicted a reading of 9.5 for the index.

The six-months-from-now general business conditions index dropped to 33.3 from 49.0 in last month’s survey.

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