Philly Fed Manufacturing Decreases To +9.3

The general business activity metric of the Philly Fed manufacturing survey was a reading of +9.3 in August. This is a decrease from July’s reading of +19.8, but is still above zero indicating economic expansion in the manufacturing sector, just at a slower pace than in July.

Philly Fed Manufacturing Survey August 2013 600x376 Philly Fed Manufacturing Decreases To +9.3

With the Empire State manufacturing survey reporting this morning, the Philly Fed manufacturing survey is the second of the 5 leading regional manufacturing surveys conducted by Federal Reserve banks to report for August. Currently, 4 out of the 5 surveys indicate economic expansion in the manufacturing sector.

Regional Fed Manufacturing Surveys August 15 2013 2 600x375 Philly Fed Manufacturing Decreases To +9.3

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