US DATA: Philly text blames some decline on……….

US DATA: Philly text blames some decline on hurricane: “Firms responding to the
November Business Outlook Survey reported declines in business activity this
month following the disruptive effects of Hurricane Sandy on the region. The
survey’s indicators for general activity, which had shown improvement in
October, fell back into negative territory this month. Firms reported slight
declines in shipments, employment, and hours worked. Indicators for the firms’
expectations over the next six months were near their levels in the previous
month, but expectations for future employment and capital spending have weakened
in the last two months.”