USA: Philly Fed index down in October

(CercleFinance.com) – The growth of manufacturing activity slows down in October, according to the last monthly economic survey of the Philadelphia Fed, whose index stands at 23.8 for the current month against 30, 7 for the month of September.

As a reminder, a ‘Philly Fed’ index greater than zero reflects growth in activity in the region’s manufacturing industry: the higher it is above this threshold, the faster the rate of growth.

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