- Analytics
- News and Tools
- Market News
- Philadelphia Federal Reserve Bank’s manufacturing index unexpectedly falls to 6.7 in May
Philadelphia Federal Reserve Bank’s manufacturing index unexpectedly falls to 6.7 in May
The Philadelphia Federal Reserve Bank released its manufacturing index on Thursday. The index unexpectedly decreased to 6.7 in May from 7.5 in April, missing expectations for a rise to 8.0.
A reading above zero indicates expansion.
The fall was driven by decline in input prices. The prices paid index dropped to -14.2 in May from -7.5 in April, while the prices received index were down to -5.4 from -4.1.
The number of employees index declined to 6.7 in May from 11.5 last month.
The new orders index increased to 4.0 in May from 0.7 in April.
According to the report, the indicators of future activity continue to show that the manufacturing sector is expected to continue growing over the next six months.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
