Archive for August 18th, 2011

Short-term Forecast for August 18, 2011

Short-term Forecast for August 18, 2011

| August 18, 2011

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Philadelphia Federal Reserve Manufacturing Index Plunges in August

Philadelphia Federal Reserve Manufacturing Index Plunges in August

| August 18, 2011

The Philadelphia Federal Reserve released its August survey data today and the manufacturing diffusion index declined sharply to -30.7 from 3.2 in July. Consensus expectations were for a slight increase, so these data were much worse than expected. The survey’s broadest measure of manufacturing conditions, the diffusion index of current activity, decreased from a slightly [...]

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