Philadelphia's manufacturing activity contracted unexpectedly in May

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Source: Forexpros
Philadelphia's manufacturing activity shank in May after eight consecutive months of expansion. Philly Fed manufacturing index lost 14.3 points, approaching 5.8 this month as compared to April's figure of 8.5, reported the Fed. Experts predicted the index to gain 1.5 points to 10.0 this month. The data lingers concerns over speed of economic recovery in the US.

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Fri, 18 May 2012 07:03:31 GMT

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