February Report Shows Philadelphia Fed Nonmanufacturing Business Index Declines
Tuesday, 20 February 2024, 13:33
Philadelphia Fed Nonmanufacturing Business Index Report:
- Prior month: -3.7
- February reading: -8.8
- Philadelphia Fed nonmanufacturing business activity index decreased from 3.7 in January to -8.8 in February.
This article provides insights into the recent changes in the Philadelphia Fed nonmanufacturing business index, indicating a notable decline in business activity. The decrease from the previous month raises concerns about the economic environment and investor confidence in the sector.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.