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.

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.