Philadelphia Fed Non-Manufacturing Business Index Plummets in March Report

Tuesday, 26 March 2024, 12:33

The Philadelphia Fed non-manufacturing business index showed a significant decline to -18.3 in March compared to the previous month's figure of -8.8. This unexpected drop raises concerns about economic activity in the non-manufacturing sector, reflecting possible challenges and uncertainties in the current business environment.
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Philadelphia Fed Non-Manufacturing Business Index Plummets in March Report

Philadelphia Fed Non-Manufacturing Business Index Report

This article provides insights into the latest Philadelphia Fed non-manufacturing business index, which plummeted to -18.3 in March, a stark contrast to the prior month's figure of -8.8. The unexpected decline has implications for economic activity in the non-manufacturing sector, indicating potential challenges and uncertainties in the business landscape.


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.


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