Philly Fed Business Outlook: A Moderate Contraction

From - Advisor Perspectives
January 17, 2013 - 11:42am

Jan 17, 2013 Doug Short  The Philly Fed's Business Outlook Survey is a monthly report for the Third Federal Reserve District, covers eastern Pennsylvania, southern New Jersey, and Delaware. Today's report shows a moderate decline, moving from 4.6 last month to -5.8. Moreover, the 3-month moving average fell to -3.4, the seventh negative reading in eight months. Since this is a diffusion index, negative readings indicate contraction, positive indicate expansion. Here is the introduction from the Business Outlook Survey released today:More...

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