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Philly Fed Manufacturing Report Drops For Third Straight Month
FYI: After a weaker than expected manufacturing report for the New York area earlier this week, this morning's release of the Philly Fed Manufacturing report also came in modestly weaker than expected. While economists were expecting the headline reading to rise to 9.0 from last month's level of 6.3, the actual reading came in 5.2. This represents the third straight monthly decline after the index hit a 20-year high in November. Regards, Ted http://www.bespokeinvest.com/thinkbig/2015/2/19/philly-fed-manufacturing-report-drops-for-third-straight-mon.html?printerFriendly=true
