Philadelphia Fed survey shows factory activity growth slowed in January
Reuters - Jan 15, 2015
(Reuters) - Factory activity in the U.S. mid-Atlantic region grew at a slower pace in January, a survey showed on Thursday.
The Philadelphia Federal Reserve Bank said its business activity index fell to 6.3, the lowest since February 2014, from 24.3 in December. That was shy of economists' expectations for 19.9, according to a Reuters poll.
Any reading above zero indicates expansion in the region's manufacturing. The survey covers factories in eastern Pennsylvania, southern New Jersey and Delaware.
