Philly Fed Manufacturing Index shrinks more than expected in June
==========
The Philly Fed Manufacturing Index for June came in at -1.3, lower than the expected +4.8 and the previous +4.5. Employment showed a reading of -2.5 compared to the previous -7.9, while new orders had a reading of -2.2 compared to the previous -7.9. The price paid index increased to 22.5 from the previous 18.7. The diffusion index for current general activity decreased to 1.3, the slowest reading since January. 24% of firms reported increases in general activity, while 23% reported decreases and 50% reported no change. Future activity indicators remained positive but suggested less widespread expectations for overall growth over the next six months.
#PhillyFedManufacturingIndex #UsEconomy
https://seekingalpha.com/news/4117444-philly-fed-manufacturing-index-shrinks-more-than-expected-in-june
Seeking Alpha /
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2024-06-20 15:07:32
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2024-06-20 15:07:32Event JSON
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"content": "Philly Fed Manufacturing Index shrinks more than expected in June\n==========\n\nThe Philly Fed Manufacturing Index for June came in at -1.3, lower than the expected +4.8 and the previous +4.5. Employment showed a reading of -2.5 compared to the previous -7.9, while new orders had a reading of -2.2 compared to the previous -7.9. The price paid index increased to 22.5 from the previous 18.7. The diffusion index for current general activity decreased to 1.3, the slowest reading since January. 24% of firms reported increases in general activity, while 23% reported decreases and 50% reported no change. Future activity indicators remained positive but suggested less widespread expectations for overall growth over the next six months.\n\n#PhillyFedManufacturingIndex #UsEconomy\n\nhttps://seekingalpha.com/news/4117444-philly-fed-manufacturing-index-shrinks-more-than-expected-in-june",
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