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Economy
In reply to the discussion: STOCK MARKET WATCH -- Thursday, 15 November 2012 [View all]Roland99
(53,345 posts)28. Philadelphia Fed index turns negative in November
http://www.marketwatch.com/story/philadelphia-fed-index-turns-negative-in-november-2012-11-15?link=MW_home_latest_news
The Philadelphia Fed's November manufacturing survey turned negative in November, dropping to negative 10.7 from +5.7 in October. Economists polled by MarketWatch had forecast a +3.0 reading. The Philly Fed blamed the disruptive effects of Hurricane Sandy on the region. Nearly 32% of firms reported declines in activity this month, while 21% reported increases.
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