Friday, Aug 21, 2009
Surprise the market. Recovereh in mid US?
Philadelphia Fed: August 2009 Business Outlook Survey
The survey's broadest measure of manufacturing conditions, the diffusion index of current activity, increased from -7.5 in July to 4.2 this month. This is the highest reading of the index since November 2007. ** Market expectations were around -2 according to FXStreet.
Posted by 51ck-6-51x @ 03:09 PM (502 views) Add Comment
5 Comments
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1. 51ck-6-51x said...
...and the report itself.
2. bystander said...
Sorry 5ick-6-5ix, but I can't see anything, but a bullish/ optimistic article. Please help me see what I am missing?
3. Smiling said...
dont open it bystander, its full of nightmares!
4. Cedar City said...
This article is total garbage. They are trying to artificially inflate the economy by putting out these desperate articles in a hope that public opinion will change and people will start spending money again. What is sad is the USA already has one of the lowest savings rates in the world. They should be encouraging the new found ideal of saving for a rainy day.
5. 51ck-6-51x said...
bystander - I do not give the data much value, but the markets seem to and it's another surprise to the upside ( although not huge ).