WASHINGTON (AP) — Manufacturing in the Philadelphia region contracted for the second straight month, providing more evidence that the economy is faltering.
The Philadelphia Federal Reserve Bank said Thursday that its index of regional manufacturing activity fell sharply in June to -16.6, from a -5.8 reading in May. A reading below zero indicates contraction.
Stay informed.Stay ahead.
Join Washington Examiner for unlimited access to the news, analysis, and commentary that matter most.
See Options
Already a member? Log in
Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.
