Mid-Atlantic Factories Expand in April

Published on April 21, 2005 By Island Dog In Politics

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.

Link

Comments

drmiler

on Apr 21, 2005

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.

Island Dog

on Apr 21, 2005

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.

drmiler

on Apr 21, 2005

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.

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