Posted on 10/20/2011 7:41:58 AM PDT by Free Vulcan
Manufacturing in the Philadelphia region showed signs of recovery in October, the Federal Reserve Bank of Philadelphia reported Thursday.
The Philly Fed diffusion index rose to 8.7 in October from negative 17.5 in September. This is the first positive reading in three months. Readings above zero indicate expansion.
The jump was much stronger than expected. Economists polled by MarketWatch had anticipated a negative 10.0 reading for October.
(Excerpt) Read more at marketwatch.com ...
BS its a horrible number.
LLS
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