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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.

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