Thursday, October 21, 2010

Philadelphia Feeling: Federal Reserve Bank of Philadelphia Business Outlook Survey October 2010

The latest release of the Federal Reserve Bank of Philadelphia Business Outlook Survey (BOS) for October indicated weak growth in the regions manufacturing activity with the current activity index at a level of 1.

The future activity index improved notably jumping to a level of 41 though still remaining well below the level of 52 seen earlier in the year.

In the first two charts, the bright green band indicates contraction (0 to -100) while any value above that band indicates expansion.