Open Demo Account
Home / Market Update / US: Philadelphia Fed Manufacturing Index Drops to 21.9 in July

US: Philadelphia Fed Manufacturing Index Drops to 21.9 in July

Adel 15 July, 2021 4:55 pm Market Update

The Federal Reserve Bank of Philadelphia reported on Thursday that the headline Manufacturing Activity Index of the Manufacturing Business Outlook Survey dropped to 21.9 in July from 30.7 in June. This reading came in weaker than the market expectation of 28.

Tags

Check Also

U.S. Inflation Rises in August, Keeping Fed Rate Cut in Focus

U.S. headline consumer price growth accelerated in August, but the increase was largely in line …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends