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Philly Fed Index Unexpectedly Slumps To -19.4 In November

Por: RTTNews Business November 17, 2022

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A report released by the Federal Reserve Bank of Philadelphia on Thursday showed regional manufacturing activity unexpectedly contracted at a faster rate in the month of November.The Philly Fed said its diffusion index for current activity tumbled to a negative 19.4 in November from a negative 8.7 in October, with a negative reading indicating a contraction in regional manufacturing activity.The decrease by the Philly Fed index came as a... + full article



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