Thu, 16 Aug 2012 18:32:35 GMT
Philadelphian manufacturing Index in tumbled in August
As reported by the Fed Bank of
Philadelphia, region's manufacturing Index contracted for the fourth month in a
row, and reached minus 7.1 level in August. The experts had predicted the Index
to add 7.9 points. Meanwhile, the Index added only 5.8 points, after falling to
minus 12.9 in the previous month. Any reading below zero indicates worsening
conditions.