Philadelphia Manufacturing Activity Declines Again After Brief Rebound
- Philadelphia Fed manufacturing index drops to -13.5 in September after briefly being in positive territory
- Index had risen to positive 6.2 in August from negative 12.3 in July
- Reading below 0 indicates deteriorating business conditions
- Economists had expected a flat reading of 0 for September
- Index tracks manufacturing activity in eastern Pennsylvania, southern New Jersey, and Delaware