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

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.

Check Also

Dow Nears 40,000 as Trade Hopes and Fed Rate Cut Bets Fuel Rally

The Dow Jones Industrial Average (DJIA) surged 0.62%, inching closer to the 40,000 milestone, as …