Thursday, March 17, 2011

Philadelphia Feeling: Federal Reserve Bank of Philadelphia Business Outlook Survey March 2011

The latest release of the Federal Reserve Bank of Philadelphia Business Outlook Survey (BOS) for March indicated strong growth in the regions manufacturing activity with the current activity index increasing to a level of 43.4 while the future activity index improved notably jumping to a level of 63.

In the first two charts, the bright green band indicates contraction (0 to -100) while any value above that band indicates expansion.