Thu, 19 Jul 2012 17:20:19 GMT
Manufacturing in Philadelphia region shrinks
Manufacturing in Philadelphia declined for a third month in a row, as
the outlook for new orders declined and the unemployment rate jumped. Philadelphia's
general economic index dropped to minus 12.9 in July compared to a 16.6 in a
previous month. The deterioration can be explained by the external factors, as
worsening Eurozone's debt crisis, slowdown in China's and Brazil's economies,
as well as by