Activity in the Philadelphia region?s manufacturing sector [NOT pictured] was basically unchanged again this month, according to firms polled for the Federal Reserve Bank of Philadelphia’s Business Outlook Survey. The index for general activity was near zero, and indicators for new orders, shipments and employment were only slightly positive, suggesting little change from March. Regarding future activity, the region?s manufacturing executives were somewhat more optimistic this month than they were in March. Demand for manufactured goods, as represented by the survey?s new orders index, reflects virtually no growth again this month.
RELIABLE PLANT: Same As It Ever Was, Same As It Ever Was, Same As It EVER Was