WASHINGTON (MarketWatch)
Manufacturing activity in the Philadelphia region
contracted at a faster pace in June, the Federal Reserve Bank of Philadelphia
reported Thursday
The Philly Fed diffusion index fell to negative 16.6 in June
from negative 5.8 in May
This is the lowest level since August 2011
Readings
below zero indicate contraction
The decrease in the index was unexpected
Economists were looking for the index to improve to 0.0
The details of the
report were generally weaker except for employment data, which was mixed
The
new orders index fell to negative 18.8 from negative 1.2, while the shipments
index fell to negative 16.6 from 3.5
The index for number of employees improved
to 1.8 in June from negative 1.3 in the prior month
The average workweek
dropped to negative 19.1 from negative 5.4
Inflationary pressures eased
The
prices paid index dropped to negative 2.8 from 5.0 in the prior month
Formación Académica y Profesional
Licenciado Matemáticas (Especialidad Fundamentales) por UCM, MBA Executive, MBA Financial Markets, Project Management Excellence Certified
Financial Markets Services Consulting, IT CIO ACO Grupo Santander, IBM Global Services Principal, Electronic Data System Client Ececutive
Licenciado Matemáticas (Especialidad Fundamentales) por UCM, MBA Executive, MBA Financial Markets, Project Management Excellence Certified
Financial Markets Services Consulting, IT CIO ACO Grupo Santander, IBM Global Services Principal, Electronic Data System Client Ececutive

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The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy. Meanwhile, USA must correct debt and raise the interest rates. Raising the interest rates in the USA and dropping them in Europe, recovers the European domestic demand and EE.UU may return to invest in Europe, with a stronger dollar, without any problem, generating hundreds of thousands of Jobs

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