Adam Sarhan Reuters Quote: UPDATE 1-Philly Fed factory activity contracts for second month in Feb

Adam Sarhan Reuters Quote: UPDATE 1-Philly Fed factory activity contracts for second month in Feb

Thu Feb 21, 2013 10:38am EST (Adds details, market reaction, quote) Feb 21 (Reuters) – Factory activity in the U.S. mid-Atlantic region unexpectedly contracted in February for the second month in a row, falling to the lowest level in eight months as new orders tumbled, a survey showed on Thursday. The Philadelphia Federal Reserve Bank…