Richmond Fed – Business Conditions Continue to Falter
December 23, 2009 11:48 am
The Richmond Fed survey of business conditions and manufacturing continues to falter. There is a disconnect as we are seeing a division in the three series that are usually correlated. Only the Philly Fed continues to show strength. It will be interesting to see the next reading from the Philly area.
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Disclosure: Horowitz & Company clients may hold positions of securities mentioned as of the date published.
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[...] would surge to 65. If you recall, over the past few weeks we posting charts and discussions on the Richmond, Philly and the Empire manufacturing indicies. Each was weak and for the most part came in below [...]
[...] would surge to 65. If you recall, over the past few weeks we posting charts and discussions on the Richmond, Philly and the Empire manufacturing indices. Each was weak and for the most part came in below [...]