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Manufacturer optimism fades - a bit - for Philly region

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The region's manufacturers remain optimistic about growth, but their optimism is fading somewhat compared with earlier months, the Federal Reserve Bank of Philadelphia reported Thursday in its closely watched monthly Manufacturing Business Outlook Survey. Manufacturers are still hiring, but at a slower pace - a pattern that will persist over the next six months, according to the survey. The workweek has also diminished. The survey reflects responses from 72 employers in eastern Pennsylvania, South Jersey, and Delaware. Manufacturers are still reporting an increase in demand for manufactured goods - as indicated by new orders. But demand slipped in November and manufacturers are predicting it...

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