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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.

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