Manufacturing activity in the U.S. Mid-Atlantic region jumped sharply in September, beating expectations and reaching its strongest level this year, the Federal Reserve Bank of Philadelphia reported on Sept. 18.
The bank’s monthly Manufacturing Business Outlook Survey showed its current general activity index rising by a whopping 24 points to 23.2 in September, well above the 1.7 Bloomberg consensus forecast and exiting sub-zero territory that it slumped into last month.
