Home / Market Update / Philly Fed Manufacturing Index Declines to 17.2

Philly Fed Manufacturing Index Declines to 17.2

The headline Diffusion Index of the Federal Reserve Bank of Philadelphia’s Manufacturing Business Outlook Survey dropped to 17.2 in July from 24.1 in June. This print came in worse than the market expectation of 21.

Check Also

Canadian Dollar Stalls at 18-Week Lows Despite GDP Rebound

The Canadian Dollar (CAD) managed to pump the brakes on its sharp descent against the …