Open Demo Account
Home / Market Update / Philly Fed Nonmanufacturing Index Drops to 39.1 in August

Philly Fed Nonmanufacturing Index Drops to 39.1 in August

Adel 24 August, 2021 5:25 pm Market Update

The Federal Reserve Bank of Philadelphia’s business activity index declined to 39.1 in August from 53.8 in July.

Further details of the publication showed that the Firm-level Business Activity Index declined to 37.2 from 44.8 and the Full-time Employment Index declined to 8.2 from 24.8.

Tags

Check Also

Oil Market Trapped in a Vicious Cycle of Fear and Glut

The global oil market is caught in a fascinating tug-of-war, with powerful, opposing forces dictating …

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