Philly Fed Survey Shows Activity Continued To Weaken In October

By Greg RobbMarketWatch Pulse

The Philadelphia Fed manufacturing index stayed negative for the second straight month in October, rising only slightly to a reading of negative 4.5 in October from negative 6.0 in September. That's below the MarketWatch-compiled economist forecast for a reading of negative 1.0, on an index where any reading below zero indicates deteriorating conditions. New orders also fell into negative territory for the first time since May 2013.

Copyright © 2015 MarketWatch, Inc.

Continue Reading Below