Stock

Philly Fed Manufacturing shows slow Growth in October

From the Philly Fed: Current Manufacturing Indexes Suggest Growth in October

Manufacturing activity in the region continued to grow, according to results from the October Manufacturing Business Outlook Survey. The survey’s broad indicators remained positive, although their movements were mixed this month: The general activity and shipments indicators decreased from their readings last month, but the indicators for new orders and employment increased. The survey’s future activity indexes remained positive, suggesting continued optimism about growth for the next six months.

The diffusion index for current general activity fell 6 points this month to 5.6, after decreasing 5 points in September.
emphasis added

This was at the consensus forecast. Here is a graph comparing the regional Fed surveys and the ISM manufacturing index:

%d bloggers like this: