- Analytics
- News and Tools
- Market News
- US: Philadelphia Fed Manufacturing Index drops to -31.3 in April vs. -19.2 expected
US: Philadelphia Fed Manufacturing Index drops to -31.3 in April vs. -19.2 expected
- Philadelphia Fed Manufacturing Index came in lower than expected in April.
- US Dollar Index struggles to hold above 102.00 on Thursday.
The diffusion index for current general activity of the Federal Reserve Bank of Philadelphia's Manufacturing Survey dropped to -31.3 in April from -23.2 in March. This marked the lowest reading since May 2020 and was below the market expectation of -19.2.
"The employment index rose 10 points to a near-zero reading," the publication further read. "The prices paid index declined for the second consecutive month, falling 15 points to 8.2. The current prices received index fell 11 points to -3.3, its third consecutive decline and first negative reading since May 2020."
Market reaction
The US Dollar Index lost its traction in the early American session and declined below 102.00. As of writing, the index was down 0.1% on the day at 101.85.
© 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
