Open Demo Account
Home / Market Update / US: Philadelphia Fed Manufacturing Index Jumps to 51.8 in March vs. 23.1 Expected

US: Philadelphia Fed Manufacturing Index Jumps to 51.8 in March vs. 23.1 Expected

Adel 19 March, 2021 5:44 pm Market Update

The Federal Reserve Bank of Philadelphia reported on Thursday that the headline Manufacturing Activity Index of the Manufacturing Business Outlook Survey improved sharply to 51.8 in March from 23.1. This reading beat the market expectation of 23.1 by a wide margin.

Tags

Check Also

Oil Extends Decline as Supply Concerns Weigh, OPEC+ Meeting in Focus

Oil prices fell for a third straight session on Friday, heading for their first weekly …

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