Philly Fed Survey Shows Activity Improved In November After Two Negative Readings

The Philadelphia Fed manufacturing index showed some improvement, rising to 1.9 in November after being negative for two straight months. That's above the MarketWatch-compiled economist forecast for a reading of flat reading, on an index where any reading below zero indicates deteriorating conditions. New orders and shipments remained negative although they showed some improvement. The Empire State manufacturing index was negative 10.7 for November.

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