Thursday, April 17, 2008

Philly Fed's Business Activity Index Drops

The Philly Fed's Business Activity Index fell from -17.4 in March to -24.9 in April, worse than the forecast of -15.0 and the lowest reading in over seven years. A reading below zero indicates contracting economic activity. Details from Bloomberg...

The Conference Board's Index of Leading Indicators rose 0.1% in March, after five-straight months of negative readings. The reading was in line with expectations. Details from Bloomberg...