Home / Market Update / US: Philly Fed Nonmanufacturing Index slumps to 5.3 in November

US: Philly Fed Nonmanufacturing Index slumps to 5.3 in November

The headline Diffusion Index of the Federal Reserve Bank of Philadelphia’s Nonmanufacturing Business Outlook Survey fell sharply to 5.3 in November, the lowest reading since June, from 25.3 in October, the monthly data showed on Tuesday.

Check Also

Will BTC price rebound from current levels?

Bitcoin price is currently trading down -1.24% at $62,047, with a drop of over 2.25% …