The Federal Reserve Bank of Philadelphia today indicated slowing factory activity in the philly region, as Philadelphia manufacturing index surprisingly fell to 8.5 in April, compared with 12.5 estimate the month ago and trailing analysts' median estimates of 12.0. Reading below zero indicates contractions, and vise-versa.






![Introducing Skywhale: Canberra, Australia’s Controversial $300K Centenary Balloon [PHOTOS] Introducing Skywhale: Canberra, Australia’s Controversial $300K Centenary Balloon [PHOTOS]](http://s1.ibtimes.com/sites/www.ibtimes.com/files/styles/v2_medium/public/2013/05/14/skywhale.jpeg)
![Meet Ahmed Angel: The Greatest Internet Superstar. Ever. [PHOTOS] Meet Ahmed Angel: The Greatest Internet Superstar. Ever. [PHOTOS]](http://s1.ibtimes.com/sites/www.ibtimes.com/files/styles/v2_medium/public/2013/05/14/ahmed-angel.jpg)


![Airbus Shows Off The First A350 XWB, The Boeing 787's Rival [PHOTOS] Airbus Shows Off The First A350 XWB, The Boeing 787's Rival [PHOTOS]](http://s1.ibtimes.com/sites/www.ibtimes.com/files/styles/v2_multimedia/public/2013/05/13/a350.jpg)

![Lisalla Montenegro: Meet Angels Pitcher C.J. Wilson’s New Supermodel Fiancé [PHOTOS] Lisalla Montenegro: Meet Angels Pitcher C.J. Wilson’s New Supermodel Fiancé [PHOTOS]](http://s1.ibtimes.com/sites/www.ibtimes.com/files/styles/v2_medium/public/2013/05/10/lisalla-montenegro_3.jpg)














Like or Follow us for updates on the biggest stories!