17 September 2009, 18:35 Philadelphia Fed factory activity +14,1 vs 4,2
Factory activity in the U.S. Mid-Atlantic region rose in September to the highest level sinceJune 2007, a survey showed on Thursday.
The Philadelphia Federal Reserve Bank said its business activity index was at 14.1 in September versus 4.2 in August.
Economists polled by Reuters had forecast a reading of 8.0.
Any reading above zero indicates expansion in the region's manufacturing sector.
The survey covers factories in a region encompassing eastern Pennsylvania, southern New Jersey and Delaware.
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