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.
