Philadelphia Fed Manufacturing Index Crashes, Adding to Recession Concerns

Philadelphia Fed Manufacturing Index Crashes, Adding to Recession Concerns
Workers assemble cars along a line at the General Motors Fairfax plant in Kansas City, Kan., on Jan. 28, 2013. AP Photo/Orlin Wagner, File
Bryan Jung
Updated:
0:00

Manufacturing activity in the mid-Atlantic region tumbled unexpectedly in February, adding to recession concerns.

Goods producers reported a spike in input costs for the first time in 10 months, despite a slowdown in company price increases—a sign that margin pressures were worsening.

Bryan Jung
Bryan Jung
Author
Bryan S. Jung is a native and resident of New York City with a background in politics and the legal industry. He graduated from Binghamton University.
Related Topics