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ECON: Philly Fed Business Conditions Weaker Than Expected. Outlook Brighter
Posted to: Micro News
Thursday, January 17, 2013 10:08 AM
- Philly Fed Business Conditions -5.8 vs +5.8 Consensus
- 6 Month Outlook ROSE to 29.2 vs 23.7 previously
- New orders -4.3 vs +4.9 in Dec
- Employment Index -5.2 vs -0.2 in Dec
The January Business Outlook Survey suggests that activity in the region’s manufacturing sector decreased moderately this month. Firms reported decreases in overall activity, new orders, and employment this month. Firms also reported a moderation in price pressures compared with the previous month. The survey’s future activity indexes suggest that firms expect growth over the first six months of 2013.
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