Published October 15, 2015 10:06am EDT | Updated October 15, 2015 11:06am EDT

Philly Fed Survey Shows Activity Continued To Weaken In October

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.