Home / Market Update / US: Philly Fed Nonmanufacturing Index slumps to 5.3 in November

US: Philly Fed Nonmanufacturing Index slumps to 5.3 in November

The headline Diffusion Index of the Federal Reserve Bank of Philadelphia’s Nonmanufacturing Business Outlook Survey fell sharply to 5.3 in November, the lowest reading since June, from 25.3 in October, the monthly data showed on Tuesday.

Check Also

Gold Pulls Back as US Dollar Gains and Geopolitical Tensions Ease

Modest Retreat After Recent Rally Gold fell nearly 1% midweek, retreating from multi-day highs as …