Thursday, October 20, 2011

Phillie Fed Index Turns Positive

The Philadelphia Federal Reserve said its index of manufacturing activity rebounded to 8.7 in October from negative 17.5 in September.

This index is quite volatile, however, the move into positive territory coincides with other positive economic data, outside the single family home sector, which suggests there is no double dip recession in sight.


  1. Obamas american jobs act must be working!

  2. I would say at this stage they are making it up as they go along. Just like they did in the 30's.