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Saturday, October 19, 2019
HomeNewsEconomyManufacturing Business Outlook Survey Remains Very Strong in October

Manufacturing Business Outlook Survey Remains Very Strong in October

A manufacturing assembly line at the Heinz factory in Pittsburgh, Pennsylvania. (Photo: Courtesy of Heinz)
A manufacturing assembly line at the Heinz factory in Pittsburgh, Pennsylvania. (Photo: Courtesy of Heinz)

A manufacturing assembly line at the Heinz factory in Pittsburgh, Pennsylvania. (Photo: Courtesy of Heinz)

The Philadelphia Federal Reserve Manufacturing Business Outlook Survey came in at 22.2 in October, down slightly from 22.9 but still very strong. The median forecast called for a reading of 20 flat.

The most positive result in the report was the contraction in backlog orders, which came in at -2.3 vs an elevated 12.6 in September.

Source: Federal Reserve Bank of Philadelphia

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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