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To: Ruffian who wrote (111040)1/17/2002 1:31:11 PM
From: Kayaker  Respond to of 152472
 
Philly Fed index beats forecasts
Plus-14.7 is index's first positive reading in a year
By Rachel Koning, CBS.MarketWatch.com
Last Update: 12:33 PM ET Jan. 17, 2002

WASHINGTON (CBS.MW) -- A measure of business activity in the Mid-Atlantic region registered a much-higher-than-expected 14.7 in January, the first positive reading in a year.

The Philadelphia Federal Reserve's monthly index was expected to show a negative 2.4 reading.

The reading was a negative 12.6 in December.

The index hadn't been this high since August 2000....

cbs.marketwatch.com

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