- Analytics
- News and Tools
- Market News
- Philadelphia Federal Reserve Bank’s manufacturing index climbs to 4.7 in June
Philadelphia Federal Reserve Bank’s manufacturing index climbs to 4.7 in June
The Philadelphia Federal Reserve Bank released its manufacturing index on Thursday. The index climbed to 4.7 in June from -1.8 in May.
A reading above zero indicates expansion, while a reading below zero indicates contraction.
"Firms responding to the Manufacturing Business Outlook Survey reported little growth this month. Though the indicator for general activity was positive in June, other broad indicators continued to reflect general weakness in business conditions," the Philadelphia Federal Reserve Bank said in its survey.
The shipments index fell to -2.1 in June from -0.5 in May.
The new orders index decreased to -3.0 in June from -1.9 in May.
The prices paid index rose to 23.0 in June from 15.7 in May, while the prices received index slid to 3.9 from 14.8.
The number of employees index was down to -10.9 in June from -3.3 in May.
According to the report, the future general activity index fell to 29.8 in June from 36.1 in May.
© 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
