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Home / Market Update / US: Philly Fed Nonmanufacturing Index Jumps to 38.6 in March From 3.9

US: Philly Fed Nonmanufacturing Index Jumps to 38.6 in March From 3.9

Adel 23 March, 2021 4:52 pm Market Update

The Regional Business Activity Index of the Federal Reserve Bank of Philadelphia’s Nonmanufacturing Business Outlook Survey rose sharply to 38.6 in March from 3.9 in February.

Further details of the publication revealed that the Firm-level Business Activity Index improved to 33.5 from 7.5 and the Full-time Employment Index edged higher to 9 from 2.8.

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