Thomson ReutersApril 17, 2014 11:38
NEW YORK (Reuters) - Factory activity in the U.S. mid-Atlantic region expanded in April at a faster clip than expected, a survey showed on Thursday.
The Philadelphia Federal Reserve Bank said its business activity index rose to 16.6 from 9.0 in March, topping economists' expectations for 10.0, according to a Reuters poll.
Any reading above zero indicates expansion in the region's manufacturing. The survey covers factories in eastern Pennsylvania, southern New Jersey and Delaware.