Weber To Relocate (CONT’D FROM PAGE 1)
ing and display manufacturer in the city of Philadelphia. Tastykake and Dietz & Watson are among its clients. The family-owned company has grown from its original facili- ty at Fifth and Locust Streets in Philadelphia to its current 110,000-square-foot facility in Port Richmond.
Bensalem Township officials said the company would be a welcome addition. “We have Routes 1 and 95, the train and also buses,” said Township Supervisor Joe Pilieri. “It’s a good fit.” Weber Display & Packaging’s current facility in Port Richmond.
NAM: Manufacturing Stronger Than Expected In September
Manufacturing production expanded at a stronger-than-ex- pected 0.4 percent in September, increasing for the third straight month, with the index at its highest level since July 2008, according to Chad Moutray, Ph.D. and Chief Econ- omist at the National Association of Manufacturers (NAM). In the third quarter, output in the sector grew 1.4 percent, rebounding from the decline of 0.6 percent in the second quarter and another sign of surprising resilience among manufacturers amid numerous challenges. The sector has continued to grapple with soaring costs, supply chain bottlenecks, workforce shortages and geo- political and economic uncertainties. Despite those obsta- cles, manufacturing production has risen 4.7 percent year- over-year. In addition, manufacturing capacity utilization increased from 79.7 percent in August to 80.0 percent in September, returning to the rate in April, which was the highest since July 2000. Nonetheless, sentiment surveys from the New York and Philadelphia Federal Reserve Banks reflected contracting manufacturing activity in both districts, with a negative out- look for the next six months. In the Philly Fed report, the index for future new orders dropped to its lowest reading since August 1979. These reports are consistent with in- creased worries about the economy and with current con- ditions at post-pandemic lows. Ohio created the most net new manufacturing jobs in
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October 31, 2022
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