Thursday, July 18, 2013

July Philly Fed 19.8

July Philly Fed 19.8
Philly Fed highest reading since March 2011

http://www.marketwatch.com/story/philly-fed-manufacturing-surges-to-198-2013-07-18?link=MW_latest_news

The Philadelphia Fed's manufacturing survey in July surged to 19.8 from 12.5 in June, marking the highest level since March 2011, the regional bank said Thursday. Economists polled by MarketWatch expected a 10 reading. The shipments index rose to 14.3 in July from 4.1, though the new orders index softened to 10.2 from 16.6. 

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