worse again the index records the manufacturing activity compiled by the Federal Reserve Bank of Philadelphia. 
In February, the index fell to -41.3 against -24.3 in January, its lowest level since 1990.
As you can see from the first graph are negative in all the components that make up the index, with the employment indicators to guide the fall to levels not seen since 1968, the year when the index.
Good news comes instead from the index that points to the future business, or expectations business for the next six months, which in February stood at 29.6 against 16.7 in January and scored the fourth consecutive month of growth.
In the second graph you can see how this index during the past recessions has advanced the economic recovery of approximately one year, then in the future should remain positive this would indicate an improving economy in the first quarter of 2010.
see also:
Small businesses suffer
manufacturing PMI index
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