Philly Area Manufacturing Turns Positive in March

Washington, DC, March 21, 2013 -- Manufacturing activity in the Philadelphia area expanded in March, according to the Federal Reserve Bank of Philadelphia.

The bank's economic index rose to 2 in March from minus 12.5 the prior month. Readings lower than zero signal contraction.

Economists anticipated improvement in the index but still at negative levels.

                                                                                                                                                                                                                                       
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