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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (41339)	11/17/2005 4:38:48 PM
From: CalculatedRisk	Respond to of 116555

U.S. Mid-Atlantic factory growth slows in November NEW YORK, Nov 17 (Reuters) - Growth at U.S. Mid-Atlantic factories slipped in November as new orders declined, according to a report published on Thursday. The Philadelphia Federal Reserve Bank said its business activity index fell to 11.5 in November from 17.3 in October, below Wall Street's median forecast for a dip to 15.3. A reading above zero points to growth in the region's manufacturing. The new orders index, a key indicator of future growth, retreated to 12.7 in November from 18.6 in October, while the employment index rose to 19.1 from 17.0. A measure of prices paid by manufacturers backed off from very high levels, easing to 56.8 from 67.6. The regional survey is one of the first indicators of U.S. manufacturing every month and is often used to gauge the overall state of factories across the United States. today.reuters.com