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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Knighty Tin who wrote (11875)9/16/2004 12:47:20 PM
From: mishedlo   of 116555
 
WASHINGTON (CBS.MW) - Manufacturing in the Philadelphia region decelerated in September, the Federal Reserve Bank of Philadelphia reported Thursday. The Philly Fed's activity index fell to 13.4 in September from 28.5 in August. Despite the decline, this is the sixteenth month in a row the index has been above zero, which indicates expansion. The decline was much larger than expected. Economists were expecting the index to slip to 24.5, according to a MarketWatch survey. Despite the decline, the new orders index rose to 26.4 from 19.2 in August. The shipments index fell to 22.4 from 32.0. The employment index rose to 21.5 from 17.2 in August. The prices paid index rose to 56.4 from 53.7 in the previous month.
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