Philly Fed Survey - March 2016


ECONODAY: Yesterday's industrial production report offered surprisingly good news on the factory sector during February with today's Philly Fed report offering similar news for March. The Philly Fed's general conditions index has emerged from a long negative run with a much stronger-than-expected March reading of plus 12.4. Importantly, strength is confirmed by new orders which literally surged to plus 15.7 from minus 5.3 in February. Contraction in unfilled orders is now only marginal at minus 1.9 which is another good sign....