The Philly Fed Survey current business activity index plunged -30.7% for August. The below graph is the Philadelphia Fed Current Business Activity Index against Industrial Production, the national manufacturing and output indicator, released by the Fed.
The Philadelphia Federal Reserve Business Outlook Survey is a regional snapshot of manufacturing and it's a blow out this month. The overall index jumped 21.5 points as well as the highest reading since December 2009.
The Philadelphia Federal Reserve Business Outlook Survey is a regional snapshot of manufacturing and it's a bloodbath this month. The overall index dropped to -7.7, the first time since July 2009.
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