The region's manufacturing sector expanded in April, as the general business conditions index slipped to 1.3 from 2.0 in March, this month's Federal Reserve Bank of Philadelphia Report on Business indicates.

Economists surveyed by Thomson Reuters predicted a reading of 3.0 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.