Philadelphia Fed July manufacturing business index -13.5 vs -10.0 expected

<ul><li>11th consecutive negative month for the Philly Fed index</li><li>Six-month index +29.1 versus +12.7 last month</li><li>Capex index +8.6 versus +9.9 last month</li><li>Employment index -1.0 versus -0.4 last month</li><li>Prices paid +9.5 versus +10.5 last month</li><li>New orders -15.9 versus -11.0 last month</li></ul><p>There has been an ongoing pickup in the six-month index, in a sign that manufacturers are seeing stabilization, if not a pickup in business</p>

This article was written by Adam Button at www.forexlive.com.