This blog attempts to educate people about how our economy works and to provide updates on what is going on in the economy that may affect them (See personal story at the bottom of the page). Neither this blog nor I are investment advisors, any opinions posted on this site are my own. Please seek a professional investment advisor to fit your personal investment goals.
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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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