- Analytics
- News and Tools
- Market News
- US: Philadelphia Fed Manufacturing Index falls to 17.6 in April vs. 21.0 expected
US: Philadelphia Fed Manufacturing Index falls to 17.6 in April vs. 21.0 expected
- The Philly Fed Manufacturing Index saw a larger than expected drop to 17.6 in April from 27.4 last month.
- There was no FX market reaction, with markets instead focused on upcoming central bank speak.
According to a report from the Federal Reserve Bank of Philadelphia released on Thursday, the headline Manufacturing Activity Index of the Manufacturing Business Outlook Survey fell to 17.6 in April from 27.4 in March. That was larger than the expected decline to 21.0.
Subindices:
- Business Conditions fell to 8.2 from 22.7
- Capital Expenditures fell to 19.9 from 24.8
- Employment rose to 41.4 from 38.9
- New Orders fell to 17.8 from 25.8
- Prices Paid rose 84.6 from 81.0
Market Reaction
There was no market reaction to the latest US data, with markets more focused on upcoming Fed speak from the likes of Fed's Jerome Powell and ECB's Christine Lagarde later in the day.
© 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
