PHILLY FED MANUFACTURING INDEX UNEXPECTEDLY SURGES TO 19.8

UPDATE: The results of the Philly Fed's monthly Business Outlook Survey are out.

We will have the full release here momentarily.

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ORIGINAL: Heads up! Minutes away from the release of the Philly Fed's monthly Business Outlook Survey results, due out at 10 AM ET.

Economists predict the headline index of regional business conditions fell to 8.0 from 12.5 in July, indicating a continued but slowing expansion.

We will have the full release LIVE at 10 AM ET. Click here to refresh for the latest >