A new report indicates that the struggling U.S. manufacturing sector has turned around. Manufacturing activity in the U.S. mid-Atlantic region soared in October, according to a Philadelphia Federal Reserve gauge of regional industry.

The Philadelphia Fed reported its business conditions index jumped to 28.0 in October, from 14.6 in September. The new orders index soared to 29.0 from 19.3 last month, while the employment index turned positive at 5.5, up from negative 4.7 last month.

In a separate report, the Federal Reserve said industrial production increased 0.4% after a revised 0.1% decline in August. Industrial companies operated at 74.7% of capacity, their fastest pace since March.

Factory production — which makes up more than four-fifths of industrial output — rose by 0.7%, the largest gain since April 2000.