Philadelphia Fed Releases Benchmark Revisions

NEW YORK — The Federal Reserve Bank of Philadelphia yesterday released benchmark revisions for its Business Outlook Survey.

“The largest revisions occurred in the future general activity index at the end of the year,” the Fed said.

“The revisions increased the future general activity index in December 2009 from 24.4 to 35.9; however, the general pattern of a moderation in expectations over the second half of 2009 remained.”

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