RTTNews - Indicating continued weakness in the Mid-Atlantic region's manufacturing sector, the Federal Reserve Bank of Philadelphia released a report on Thursday showing that its index of activity in the sector fell by more than economists had been expecting.

The Philly Fed said its index of current activity fell to a negative 7.5 in July from a negative 2.2 in June, with a negative reading indicating a contraction in the sector. The index had been expected to slip to a reading of negative 4.8.

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