Open Demo Account
Home / Market Update / US: Philadelphia Fed Manufacturing Index falls to 2.6 in May

US: Philadelphia Fed Manufacturing Index falls to 2.6 in May

Adel 19 May, 2022 5:37 pm Market Update

According to a report from the Federal Reserve Bank of Philadelphia released on Thursday, the headline Manufacturing Activity Index of the Manufacturing Business Outlook Survey slid to 2.6 in May from 17.6 in March. That was well below the expected decline to 16.0 and was the lowest reading since May 2020.

Tags

Check Also

Gold Holds Near Three-Month Highs as Dollar Weakens; Copper Declines on Tariff Concerns

Gold prices remained steady on Thursday, hovering near three-month highs, as the U.S. dollar softened …

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