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Philly Fed Region “Weak but Stable”; Kansas City Region “Declines More Sharply”
globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / Thursday, May 21, 2015 12:46 PM
More weak economic reports came out today. Let’s take a look at two regional manufacturing reports.
Philly Fed Region “Weak but Stable”
The Bloomberg Economic Consensus for the Philadelphia Fed Business Outlook Survey was 8.0. Economists got the leading sign correct, but the consensus estimate was a tad high with the index posting 6.7.
Activity in the Mid-Atlantic manufacturing sector is slow but stabilizing, based on the Philly Fed’s general conditions index which came in at 6.7 for May, down slightly from 7.5 in April and against Econoday expectations for 8.0.
The best news in the report is a slight uptick in new orders, to 4.0 from 0.7. This isn’t searing but is at least in the plus column as are shipments, at 1.0 from minus 1.8. Employment, at 6.7, is also in the plus column.
The post Philly Fed Region “Weak but Stable”; Kansas City Region “Declines More Sharply” appeared first on Silver For The People.
Source: http://silveristhenew.com/2015/05/21/philly-fed-region-weak-but-stable-kansas-city-region-declines-more-sharply/
