Philly Fed index turns negative in January - MarketWatch

Philly Fed index turns negative in January - MarketWatch

 The Philadelphia Fed's manufacturing index went negative in January, slipping to -5.8 in January from +4.6 in December. Economists polled by MarketWatch expected a 5.0 reading. The new-orders index fell to -4.3 from 4.9 in December, and the employment index fell to -5.2 from -0.2 in December. The prices received index decreased 14 points, from 12.4 to -1.1. However, the future general activity index increased from a revised reading of 23.7 to 29.2