Philadelphia Fed Factory Index Records Decline for May Despite Ongoing Expansion

Thursday, 16 May 2024, 12:32

In May, the Philadelphia Fed reported a decrease in its regional business activity index to 4.5 from the previous month's 15.5. Despite the drop, the reading above zero signals the continued growth of business conditions in the region.

https://store.livarava.com/d919afdd-1381-11ef-a6c2-63e1980711b2.jpg — Philadelphia Fed Factory Index Records Decline for May Despite Ongoing Expansion

Philadelphia Fed Factory Index Update

In May, the Philadelphia Fed released its latest factory index data, showcasing a decline in regional business activity.

Key Highlights:

Index Value: 4.5, down from 15.5 in the previous month
Significance: Any reading above zero implies a level of expansion despite the decrease

The report indicates a moderation in growth but still depicts ongoing expansion.

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.

Philadelphia Fed Factory Index Update

Key Highlights:

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