FYI: Manufacturing activity in the Philadelphia region continues to chug along as the Philadelphia Fed’s survey of manufacturing activity came in higher than expected for October rising to 27.9 compared to forecasts for a reading of 20. October’s reading represents the 15th straight month that manufacturing activity showed growth and is the strongest monthly reading since May. Looking at the chart below, the current period of consistent strength that we have seen has not been too common throughout the history’s survey.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/philly-fed-positive-for-15th-straight-month/
