The Philadelphia Fed released its manufacturing index for February, where the gauge of business activities rose to 10.2, the higest since October, comapred to the prior estimate of 7.3 last month and above median estimates of 9.0.

Within the report, we see that Prices Paid rose to 38.7 from 31.8 in January and Prices Received jumped to 15.0 from 11.2. New Orders climbed to a solid 11.7 from 6.9, Shipments as well rose to 15.0 from 5.7. Inventories decreased to -12.9 from -6.3 and Number of Employees fell sharply to 1.1 from 11.6.