RICHMOND FED MANUFACTURING INDEX CRUSHES EXPECTATIONS
Aug 27, 2013, 19:30 IST
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This crushed expectations for a rise to zero.
Economists polled by Bloomberg are looking for the index to rise to 0, from -11 in July.
The slump in July was led by a slowdown in retail sales. The index measuring retail sales had plunged to -22, down 23 points from the June reading.