Manufacturing Business Outlook Survey, released by the Federal Reserve Bank of
Philadelphia on Thursday, revealed the expansion in the region's manufacturing
activity rebounded strongly in July.
According to the survey, the diffusion index for current general activity surged from 0.3 in June to 21.8 this month.
Economists had forecast the index to increase to 5.0 last month.
A reading above 0 signals expansion, while a reading below 0 indicates contraction.
The July climb in the headline index was due to increases in the indexes for new orders (from 8.3 in June to 18.9), shipments (from 16.6 to 24.9) and employment (from 15.4 to 30). On the price front, the prices paid and prices received indexes both rose this month but remained well below their readings over the past few years.
© 2000-2020. All rights reserved.
This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
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 email@example.com.