Mid-Atlantic Factories Expand in April

from JoeUser Forums
Interesting.

[qoute]NEW YORK (Reuters) - Factory activity in the Mid-Atlantic United States expanded much more rapidly this month, a regional central bank said on Thursday in a report that countered growing fears of a slowdown in economic growth.

The Philadelphia Federal Reserve said its business activity index jumped to 25.3 in April from 11.4 in March, confounding Wall Street forecasts of a dip to 10.0. A measure above zero denotes growth in the sector.

"It's a pretty solid performance, a good indicator that the manufacturing sector is probably still growing nicely," said Patrick Fearon, senior economist at A.G. Edwards & Sons.

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Reply #1 from JoeUser Forums Top

Interesting.

[qoute]NEW YORK (Reuters) - Factory activity in the Mid-Atlantic United States expanded much more rapidly this month, a regional central bank said on Thursday in a report that countered growing fears of a slowdown in economic growth.

The Philadelphia Federal Reserve said its business activity index jumped to 25.3 in April from 11.4 in March, confounding Wall Street forecasts of a dip to 10.0. A measure above zero denotes growth in the sector.

"It's a pretty solid performance, a good indicator that the manufacturing sector is probably still growing nicely," said Patrick Fearon, senior economist at A.G. Edwards & Sons.


Better watch it, the *col* will be refuting this saying your full of BS! Nice point though to all those that think we (the US) are doing soooo badly.
Reply #2 from JoeUser Forums Top
Better watch it, the *col* will be refuting this saying your full of BS!


The difference is I present facts, not opinion like he does.
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Reply #3 from JoeUser Forums Top
Better watch it, the *col* will be refuting this saying your full of BS!


The difference is I present facts, not opinion like he does.


As do I but that never seems to bother him now does it? I was always told that "opinions are like assholes, everyone has one and they all stink!" His just seem to stink more than most.