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Manufacturing In Northeastern US Grew In March.

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Manufacturing In Northeastern US Grew In March.

The AP (3/16, Crutsinger) reports, “Manufacturing in the northeastern United States expanded this month at its best pace in nearly a year. The growth confirms other data showing the US economy is strengthening.”

Bloomberg News (3/16, Homan) reports, “Manufacturing in the Philadelphia region expanded in March at the fastest pace in almost a year as factory employment picked up. The Federal Reserve Bank of Philadelphia’s general economic index increased to 12.5 this month, in line with projections, from 10.2 in February.”

The Philadelphia Business Journal (3/16, Kostelni, Subscription Publication) reports, “The Philadelphia Federal Reserve’s monthly Business Outlook Survey indicated that general activity, new orders, shipments, and employment all remained positive.”

Bloomberg News (3/16, Homan) reports, “Manufacturing in the New York region expanded in March at the fastest pace since June 2010, indicating factories are still driving the expansion.”

IndustryWeek (3/16, Minter) reports, “The general business conditions index was up slightly from 19.53 in February to 20.21, the fourth consecutive positive reading. New orders and shipments also were both positive, the bank reported, but slightly lower than in February. The prices paid index rose 25 points to 50.6, the highest level since summer 2011.”

The Wall Street Journal (3/16, Madigan), Reuters (3/16, Schnurr), MarketWatch (3/16, Robb), the Central New York Business Journal (3/16, Seltzer) and other media sources also cover the story.

From SME Daily Executive Briefing 3/16/2012

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