New York, Philly indexes hit multi-month peaks

Two measure of manufacturing in the Northeast showed improvement in March, according to data released Thursday, consistent with improving conditions at U.S. factories.

The New York Federal Reserve reported that manufacturing in its region hit at a 21-month high in March. The Empire State manufacturing index rose to 20.2 in March, its highest level since June 2010.

This is the fourth straight increase after the index had been stuck near zero from June through November.

The gain in the Empire Index in March surprised analysts. Economists polled by MarketWatch expected the index to slip to 17.7 in March.

Read Full Article from MarketWatch

- Posted: 2012-03-15 11:47:11

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