Philly Fed factory index jumps to 35.9 in Feb.
Philly Fed factory index jumps to 35.9 in Feb. (by Greg Robb)
WASHINGTON (MarketWatch) -The index of manufacturing activity in the Philadelphia region jumped in February to its highest level since January 2004, the Federal Reserve Bank of Philadelphia reported Thursday. The Philly Fed business condition index rose to 35.9 in February from 19.3 in January. The increase was much stronger than expected. Economists polled by MarketWatch expected the index to tick higher to 20.8.