Philly Fed slips in October

NEW YORK (Reuters) – Factory activity in the U.S. Mid-Atlantic region grew less than expected in October, a survey showed on Thursday, conflicting with a more robust reading out of New York state earlier in the day. KEY POINTS: * The Philadelphia Federal Reserve Bank said its business activity index was at 11.5 in October versus 14.1 in September. Economists polled by Reuters had forecast a reading of 12.0. Any reading below zero indicates contraction in the region's manufacturing sector. Above

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