September Philadelphia FED General Business Conditions Index At -0.7

(For September 2010)

Philadelphia FED General Business Conditions Index rose to -0.7. The consensus was at +3.8, prior reading at -7.7. Again bellow consensus and again pointing to contraction.

Both Empire State Manufacturing and Philadelphia FED General Business Conditions Index point to lower ISM manufacturing.

Chart 1. ISM  vs. Philadelphia FED, Empire State Manufacturing Surveys and Chicago PMI

Source: Bloomberg

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This entry was posted on Thursday, September 16th, 2010 at 11:49 am and is filed under U.S. Economic Data. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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