15.11.201809:04:00UTC+00Philly Fed Index Drops Much More Than Expected In November

Growth in Philadelphia-area manufacturing activity slowed by much more than expected in the month of November, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday.

The Philly Fed said its diffusion index for current general activity tumbled to 12.9 in November from 22.2 in September, although a positive reading still indicates growth in regional manufacturing activity. The index had been expected to dip to 20.0.

Back to news list