Philadelphia Fed March Factory Index Rises to 18.1, Beating 8.3 Estimate
The U.S. regional manufacturing gauge increased from 16.3 in the prior reading, indicating stronger factory activity than economists expected.
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Terms & Concepts
Philadelphia Fed Factory Index: A regional manufacturing survey published by the Federal Reserve Bank of Philadelphia, used to track business conditions in U.S. factory activity.
Estimate: A consensus forecast from economists or market participants used to compare expected data with the actual release.