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Philly Fed Index Inches Higher In January But Still Indicates Contraction

Por: RTTNews Business January 18, 2024

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A report released by the Federal Reserve Bank of Philadelphia on Thursday showed regional manufacturing activity contracted at a slightly slower rate in the month of January.The Philly Fed said its diffusion index for current general activity rose to a negative 10.6 in January from a revised reading of negative 12.8 in December. A negative reading still indicates a contraction in regional manufacturing activity.Economists had expected the index... + full article



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