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17:00 Dados States
12:00pm 04/21/05 U.S. APRIL PHILLY FED 25.3 VS. 11.4 MARCH
12:01pm 04/21/05 U.S. APRIL PHILLY FED SHIPMENTS 29.4 VS. 14.6
12:02pm 04/21/05 U.S. APRIL PHILLY FED PRICES RECEIVED 28.0 VS. 5.2
12:04pm 04/21/05 DOW INDUSTRIALS UP 120points AT 10,132 AFTER PHILLY FED
ECONOMIC REPORT: April Philly Fed shows growth
By Rex Nutting, MarketWatch
Last Update: 12:14 PM ET April 21, 2005
WASHINGTON (MarketWatch) -- Growth accelerated in the manufacturing sector in the Philadelphia region in April, the Federal Reserve Bank of Philadelphia said Thursday.
The Philly Fed index rose to 25.3 in April from 11.4 in March. Readings over zero indicate expansion in the sector.
The index has been positive for 23 straight months.
Economists were expecting a slight increase to 11.9, according to a survey conducted by MarketWatch.
The new orders index rose to 20.3 from 13.2, while the shipments index rose to 29.4 from 14.7.
Prices paid and prices received both accelerated. Fifty-six percent of firms said they were paying more for inputs this month, up from 36% last month. Thirty-three percent said they were receiving more for their final goods.
Firms were generally optimistic about growth in the next six months, with one-third saying they plan to increase payrolls.
Slightly less than half of the firms said they plan to increase their plant capacity this year.
12:01pm 04/21/05 U.S. APRIL PHILLY FED SHIPMENTS 29.4 VS. 14.6
12:02pm 04/21/05 U.S. APRIL PHILLY FED PRICES RECEIVED 28.0 VS. 5.2
12:04pm 04/21/05 DOW INDUSTRIALS UP 120points AT 10,132 AFTER PHILLY FED
ECONOMIC REPORT: April Philly Fed shows growth
By Rex Nutting, MarketWatch
Last Update: 12:14 PM ET April 21, 2005
WASHINGTON (MarketWatch) -- Growth accelerated in the manufacturing sector in the Philadelphia region in April, the Federal Reserve Bank of Philadelphia said Thursday.
The Philly Fed index rose to 25.3 in April from 11.4 in March. Readings over zero indicate expansion in the sector.
The index has been positive for 23 straight months.
Economists were expecting a slight increase to 11.9, according to a survey conducted by MarketWatch.
The new orders index rose to 20.3 from 13.2, while the shipments index rose to 29.4 from 14.7.
Prices paid and prices received both accelerated. Fifty-six percent of firms said they were paying more for inputs this month, up from 36% last month. Thirty-three percent said they were receiving more for their final goods.
Firms were generally optimistic about growth in the next six months, with one-third saying they plan to increase payrolls.
Slightly less than half of the firms said they plan to increase their plant capacity this year.
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