The region's manufacturing sector contracted in January, as the general business conditions index slipped to negative 5.8 from positive 4.6 in December, this month's Federal Reserve Bank of Philadelphia Report on Business indicates.
Philadelphia Fed Index Slumps to Negative 5.8 in January vs. Positive 4.6 in December
JAN 17, 2013 10:00am ET
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Land isn't the only thing drying up in California, as the drought's economic impacts are dangerously closing in on the state's financial resources.
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