5 Ugly Details From That Philly Fed Disaster

Philadelphia phillies

Photo: Wikimedia Commons

The Philly Fed just gave us more confirmation that the recovery is slowing.But it wasn’t just an ugly headline number.

All of the internal details of the survey — which asks manufacturers about the economy — are deteriorating.

The general business activity index went negative

Now more companies are seeing sales drop than seeing sales grow

Growth in the average work week has stalled

Momentum on hiring is over

But good news for consumers: Businesses are getting less and less

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