Mid-Atlantic firms show slower growth
Thursday, April 21, 2011 1:01 PM By dwi
PHILADELPHIA, April 21 (UPI) -- The metropolis Federal Reserve Bank said manufacturing state in the mid-Atlantic region showed slower gains in April than in March.
The bank's monthly analyse of businesses condemned in the first half of the period showed the directive diffusion finger dropped from 43.4 in March to 18.5, showing continuing growth for the ordinal serial month, but at a farther slower measure than in the preceding month.
The finger for newborn orders dropped 22 points in the period after heptad months of increases, reaching 18.3. The number of employees finger lapse from 18.2 to 12.3, patch the average employee workweek finger chromatic from 13.2 to 17.7.
The finger for prices paying by manufacturers lapse from 63.8 to 57.1. The finger for inventories lapse from 12 to 1.7, remaining positive, but meet barely.
The metropolis Fed said, "Indicators for forthcoming state lapse notably this period but ease suggest that firms expect the current treatment in manufacturing to move over the next six months."
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