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SPX Corporation Message Board

  • yainvestor2 yainvestor2 Aug 18, 2011 1:19 PM Flag

    Mkt is toast!! Demand Collapsed , Philly Fed Manufacturing Index to -30.7;

    The Philadelphia Fed Business Outlook Survey plunged to -30.7 with all indicators in decline.

    The survey’s broadest measure of manufacturing conditions, the diffusion index of current activity, decreased from a slightly positive reading of 3.2 in July to -30.7 in August. The index is now at its lowest level since March 2009 (see Chart). The

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