Philly Fed manufacturing index lurches to a 5-month high in October

• October 19, 2017
• realestatelife
• Announcements, Business & Markets, Real Estate, Real Estate Finance

Manufacturing activity in the mid-Atlantic heated up in October, the Philadelphia Fed said Thursday. Its gauge jumped 4.1 points to 27.9, the strongest reading since May.

Any reading over zero signals improving conditions. Economists had forecast a reading of 20.2.