Philly Fed posts unexpected decline in April

Source: Investing.com
© Reuters
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.
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