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

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.

Check Also

Gold Surges to $3,392 as Tariffs and Jobless Data Fuel Stagflation Fears

Gold prices rallied sharply on August 7, 2025, climbing 0.68% to $3,392.31 per troy ounce, …