Philadelphia Fed Empire manufacturing gauges stay solid in March

• March 15, 2018
• realestatelife
• Announcements, Business & Markets, Real Estate, Real Estate Finance, Your Real Estate Life

Two gauges of manufacturing sentiment reflected continued solid activity in March, according to data released Thursday.

The Philadelphia Fed manufacturing index slipped a bit to a reading of 22.3 in March from 25.8 in February. Economists had expected a a reading of 23.

The Empire State Index, which had been lagging Philly, jumped to a reading of 22.5 in March from 13.1 in February, the New York Fed said. Economists had expected a reading of 15.

Both gauges are well above zero indicating improving conditions. Both district reported continued high input prices.