- The Philadelphia Fed’s non-manufacturing index fell to new lows in several months in November.
The Main diffusion index from the Federal Reserve Bank of Philadelphia Non-Manufacturing Business Outlook Survey (Philly Fed non-manufacturing) fell sharply to 5.3 in November, the lowest reading since June, after settling at 25.3 in October.
The index of new orders it fell 9 points to -3.7 in November, declining for the fourth consecutive month and hitting negative territory for the first time since June. For its part, the index job full time dropped 2 points to 13.9.
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