Philadelphia Fed Business Outlook Survey, May 2006

According to the firms surveyed for the Philadelphia Fed's Business Outlook Survey, May 2006, business activity increased slightly. However, indicators for new orders, shipments, and employment were down from their readings in April.

Philadelphia Federal Reserve Senior Economic Analyst Mike Trebing summarized the survey: "Respondents to our Business Outlook Survey reported that growth in the region's manufacturing sector is continuing. The overall general activity index increased modestly this

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