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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.

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