Philly Fed Index Indicates Modestly Slower Growth In March
(RTTNews) - The Federal Reserve Bank of Philadelphia released a report on Thursday showing a modest slowdown in the pace of growth in regional manufacturing activity in the month of March.
The Philly Fed said its diffusion index for current general activity slipped to 3.2 in March from 5.2 in February, although a positive reading still indicates growth. Economists had expected the index to fall to a negative 2.3.
Meanwhile, the report said future activity indicators rose, suggesting more widespread expectations for overall growth over the next six months.
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U.S. Weekly Jobless Claims Unexpectedly Edge Down To 197,000
A day ahead of the release of its more closely watched monthly jobs report, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits unexpectedly edged slightly lower in the week ended September 26th.
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Chicago Business Barometer Surges Back Into Expansionary Territory In September
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