Manufacturing activity in the Federal Reserve Bank of Philadelphia’s region “continued to deteriorate” in November, as the general business conditions index decreased to negative 39.3 in November from negative 37.5 in October, this month’s Report on Business indicates.

Economists surveyed by IFR Markets predicted a reading of negative 35.0 for the index.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.