Seeking Alpha
Analyst, REITs
Profile| Send Message|
( followers)

The March release of the Federal Reserve Bank of Philadelphia Business Outlook Survey (NYSEARCA:BOS) indicated an improvement of the regions manufacturing activity with the current activity index climbing to a weak expansionary level of 2 while assessments the future activity remained flat at level of 32.5.

The following chart shows the current and future activity indexes both with their corresponding 3-month moving averages. The red line marks the threshold between contraction and expansion for these diffusion indexes.

Click to enlarge

Source: The Philly Fed Business Outlook Survey: March 2013