Philly Fed Index Eases But Remains Positive For Fourth Month

By Steve GoldsteinMarketsMarketWatch Pulse

The Philadelphia Fed said its manufacturing index eased in November to a reading of 7.6 from 9.7 in October. That was close to the MarketWatch economist consensus for a reading of 8. It marked the fourth month above the zero level indicating improving conditions, and measures of general activity, new orders, and shipments all remained positive.

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