Philadelphian manufacturing Index in tumbled in August

Note: This section contains information in English only.
Source: Forexpors

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.

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