Thursday, August 18, 2011

Philly Fed -30 Extremely Ugly

The Philly Fed survey economic activity index printed a -30 for August.  I don't want to say this seals the deal that we're in a recession, but I don't think the Philly Fed survey gets this low without one.  As shown in the table below, -30 means that 45% of respondents replied that business has slowed in the month.

Click to Enlarge

No comments:

Post a Comment

For compliance reasons, I don't post comments to the site, but I do like hearing from readers and am happy to answer any questions. Feel free to use the comment box to get in touch. Please leave an email address in your comment so that I can write back, or email me directly at