Thu, 21 Apr 2016 14:56:04 GMT
Philly Fed posts unexpected decline in April
The Mid Atlantic region's manufacturing activity significantly fell, compared to the previous month. The Philadelphia Fed Manufacturing Index dropped to a negative 1.6 reading in the fourth month of the year from a positive 12.4 seen in March, its highest level since June 2015. Until today, analysts expected the Index to show an 8.9 result in April.