The Philly Fed Factory Index surge 15.3 points from February’s plunge for its biggest jump in nine months. New Orders recovered most of last month’s loss but the employment sub-index dropped to its lowest since June 2013. Perhaps even more troubling was the drop in the business outlook with the average workweek and new orders expected to drop.
Philly Fed jumpe most in 9 months recovering last month’s plunge…
But employment is now at 9-month lows…
via Zero Hedge http://ift.tt/1j7xvwD Tyler Durden