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PHILLY FED PLUMMETS

Rob WileNov 21, 2013, 20:15 IST

Jamie McDonald/Getty Images

The Philadelphia Federal Reserve's Business Outlook Survey for November plummeted to a reading of 6.5.

Analysts expected the reading to decline to just 15.0, from 19.8.

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The current employment index fell 14 points from its reading in October (which was at a two-year high), to 1.1.