Economic Charts

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Thursday, September 16, 2010

Philly Fed Index Shows Contraction In September

CalculatedRisk released a short article on the Philly Fed Index, which is indicated a contraction in new orders and shipments, as well as stalled growth.  Forecasts in the index was for 0.9, but actually came in at -0.7.  The Philly Fed index is a level of diffusion index based on surveyed manufacturers in Philadelphia.  A reading above 0.0 indicates a improving conditions and below 0.0 indicates worsening conditions.  [ Read more ... ]

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