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Sunday, October 24, 2021
HomeNewsEconomyManufacturing Business Outlook Survey: Mid-Atlantic Manufacturing Barely Expands

Manufacturing Business Outlook Survey: Mid-Atlantic Manufacturing Barely Expands

mid-atlantic-manufacturing-aluminium-raw-materials-reuters
mid-atlantic-manufacturing-aluminium-raw-materials-reuters

A worker in the mid-Atlantic manufacturing sector works with raw aluminum materials. (PHOTO: REUTERS)

The Philadelphia Federal Reserve’s Manufacturing Business Outlook Survey showed manufacturing activity in the mid-Atlantic region rose to 1.9 in November, up from -4.5 in October. The reading came in above Wall Street expectations for a rise to just -1, still in contraction.

Readings above 0 point to expansion, while those below indicate contraction.

The survey’s indicators for labor market conditions were mixed this month, as the percentage of firms reporting increases in employment (14%) was slightly more than the percentage reporting decreases (11%). The employment index increased 4 points to 2.6, up from -1.7 the month prior. However, firms reported overall declines in average work hours in November. The workweek index registered its second consecutive negative reading and declined 9 points.

Special Questions (November 2015)

For the period 2015:Q4 to 2016:Q4, please list your expected annual percent change with respect to the following:
Percent Change*
1. For Your Firm:
Prices your firm will receive (for its own goods and services sold).
1.0
Compensation your firm will pay per employee (for wages and benefits).
3.0
2. For your employees:
Prices your employees will pay (for goods and services where they live).
2.0
3. For U.S. Consumers:
Prices U.S. consumers will pay (for goods and services).
2.0
For the next 10 years (2015 through 2024), what is your expected annual average percent change with respect to the following:
4. For U.S. Consumers:
Prices U.S. consumers will pay (for goods and services).
2.5
*Figures represent median forecasts. At least 62 of the 76 firms responding to the survey also responded to the special questions.
Written by
Staff Writing Group

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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