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Plugger301

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Plugger301

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Re: None

Thursday, 11/21/2002 12:12:57 PM

Thursday, November 21, 2002 12:12:57 PM

Post# of 704019
12:02 ET Philly Fed stronger than expected : The always volatile but rarely informative Philly Fed index rose to 6.1 in November from -13.1 in October, better than the -0.5 consensus. We would caution against placing too much emphasis on these huge monthly swings in the Philly index. The fact that it's bouncing around the breakeven level is probably the only information here - that the manufacturing sector continues to struggle, but is not deteriorating further.


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