June Philly Fed Business Outlook: 8.0 - lowest reading in 10 months - vs. 20.0 expected and 21.4...

|By:, SA News Editor
June Philly Fed Business Outlook: 8.0 - lowest reading in 10 months - vs. 20.0 expected and 21.4 in May. New orders index +3, shipments -2, current inventory +13. "Regional manufacturing activity continues to expand in June, but at a slower pace than in May. Surveyed firms reported no expansion of overall employment and work hours."