(RTTNews) - A report released by the Federal Reserve Bank of Philadelphia on Thursday showed a significant acceleration in the pace of growth in regional manufacturing activity in the month of November. On the inflation front, the Philly Fed noted firms continued to report sharp increases in prices for inputs and their own goods. However, the report said firms were less optimistic about the six-month outlook than they were last month, with the index for future business conditions tumbling to 36.9 in November from 52.0 in October.