Manufacturing Activity Grows at Weaker Pace in Philly Region

http://abcnews.go.com/Business/wireStory/manufacturing-activity-grows-weaker-pace-philly-region-28245887

Factory activity in the Philadelphia region grew at a much slower pace in January compared with the previous month, as orders, shipments and hiring tumbled.

The Federal Reserve Bank of Philadelphia said Thursday that its index of regional factory activity fell to 6.3 this month from 24.3 in December. Any figure above zero indicates expansion.