Jeez. The hits just keep on coming…
Philadelphia Fed Index
Leading Economic Indicators
Let’s look at the good news. The Philadelphia Fed’s Index of manufacturing activity was not as negative as last month and not as negative as economist predicted. It was negative, just not as negative. But let’s put a really positive spin on this. The Philadelphia Fed Manufacturing Index rose to -1.9 from -7.1.
And the Leading Economic Indicators was negative too, but just a little negative at -0.1%. Want it to be more positive? They revised last month’s figure upwards to 0.5% from 0.4%.
And that’s the good economic news. Not as negative, and just a little negative.