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Home Finance

Philly Fed business index worse than expected

anik by anik
January 10, 2016
in Finance
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An employee assembles light louvers at the Mobern Lighting manufacturing facility in Jessup, Maryland.

The Philadelphia Federal Reserve’s Business index for December came in below expectations, the bank said Thursday.

The index came in at -5.9, reflecting a fall from the November number of 1.9, and below the expected gain of 1.0.
[“source -cncb”]

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