Philly Fed Manufacturing Falls in August

Manufacturers in the Philadelphia area said business conditions regressed during September, according to a report released Thursday.

The index for current general activity in the Philadelphia Fed’s manufacturing business outlook survey fell to 22.5 from 28.0 in August, the regional bank said. The August reading was the highest since March 2011.

The consensus expectations compiled by various news organizations were for a September reading of somewhere between 23.0 to 24.0.

via Kitco

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza