November Philadelphia FED General Business Conditions Index At 22.5
(For November 2010)
Philadelphia FED General Business Conditions Index rose to 22.5. The consensus was at 5.6, prior reading at 1.0.
Large positive surprise and big contradiction to Empire State Manufacturing.
Chart 1. ISM vs. Regional Manufacturing Surveys
Chicago Purchasing Managers Index, Empire State Manufacturing Survey, ISM Manufacturing Index, Philadelphia Fed General Business Conditions Index