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Philly Fed finds nonmanufacturing activity continues to expand
Jessica Perry//August 22, 2017
Nonmanufacturing business activity continued to expand over the past month in the region that includes South Jersey.The Federal Reserve Bank of Philadelphia’s Nonmanufacturing Business Outlook Survey for August found that current general activity at the firm level rose to its highest level in four months.
The survey indicated prices paid and prices received indexes showed little improvement.
The indexes for future activity increased, but those surveyed aren’t as optimistic as they were in the first half of the year.
The Fed reported the index for new orders and sales/revenue was also up
Finally, The Fed the index for full-time employment fell — which is now its lowest reading since July 2015.
