When it comes to assessing the local economy, Rob Wonderling, chief executive of the Greater Philadelphia Chamber of Commerce, went shopping for an adverb - and nearly found one that fit.
"A year ago, the phrase was 'cautiously optimistic,' Wonderling said. "Now, it's 'emergingly optimistic,' if that's even a word."
He based his summary on an early December survey of 201 of the chamber's 1,500 members. They generally said they expected business activity to pick up in 2013, forecasting new orders and new sales.
In the survey, conducted by the Federal Reserve Bank of Philadelphia, nearly double the number of employers said they expected to increase payrolls, at least slightly, in 2013, compared with 2012.