Philadelphia Fed Manufacturing Index Decreased to -5.8 in MayBloombergThe Federal Reserve Bank of Philadelphia's general economic index decreased to minus 5.8 in May from 8.5. Economists forecast the gauge would rise to 10, according to the median …
Philadelphia-Area Manufacturing Contracts Most Since 2009
August 18, 2011, 10:59 AM EDT
By Alex Kowalski
Aug. 18 (Bloomberg) — Manufacturing in the Philadelphia region unexpectedly contracted in August by the most in more than two years as orders…
Bloomberg link
This (strong) report may be partly due to (weak) number in January, then blamed on the snowstorms. The employment gain has occurred against a backdrop of extremely heavy, continual, govt stimulus. Nonetheless, these data add some real…
Bloomberg link
Excerpt:
China’s manufacturing grew at a faster pace for a fourth straight month in November, indicating the economy can withstand higher interest rates as price pressures escalate.
The Purchasing Managers’ Index rose to 55.2 fro…
