Thu, 17 Jan 2013 18:23:03 GMT
Philly Fed Manufacturing Index drops notable in January
Manufacturing activity in the Philadelphia area decreased notably in the first month of 2013 as companies are becoming more concerned about the U.S. government spending abroad which could have a negative impact on economic growth. The Federal Reserve Bank of Philadelphia's general economic index fell from 4.6 in December to minus 5.8 in January, where reading below zero is used as a sign of