Philadelphia Manufacturing Reverses Higher

Philadelphia, PA, Oct. 18, 2012 -- The Federal Reserve Bank of Philadelphia manufacturing index rose to 5.7 in October from minus 1.9 in September.

A reading of zero is the dividing line between expansion and contraction in the area covering eastern Pennsylvania, southern New Jersey and Delaware.

Economists called for an increase to 1.

                                                                                                                                                                                                                                                                             
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