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wstera2

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wstera2

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Re: Zeev Hed post# 78309

Thursday, 02/20/2003 12:04:53 PM

Thursday, February 20, 2003 12:04:53 PM

Post# of 704019

12:01 ET Philly Fed index 2.3 vs 11.0 consensus :

12:03 ET Philly Fed weaker than expected : The Philly Fed index fell to 2.3 in Feb, down from 11.2 in Jan and below the 11.0 consensus. It is not that surprising to see this decline given the weakness seen in Tuesday's Empire State survey. The volatility in these indexes doesn't shed much light on the underlying trend in the manufacturing sector, which still looks to be pretty flat. The market has slipped just a bit on this number but no sustained impact is likely.



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