Posted on 02/16/2017 8:47:55 AM PST by God luvs America
The Philadelphia Fed said its manufacturing index soared in February to a 33-year high, in another indication of improving business sentiment in the wake of a Republican election sweep.
The Philadelphia Fed index surged to a reading of 43.3 from 23.6 in January. Thats the highest level since early 1984, on a scale where any reading above zero indicates improving conditions. That is well above the MarketWatch economic consensus was for a reading of 20.
It was also the biggest one-month gain in the index since June 2009.
(Excerpt) Read more at marketwatch.com ...
News not to be seen on the msm.
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