Philly Fed March Business Index Shows Stronger Growth Than Expected
Thursday, 21 March 2024, 12:30
Philly Fed Business Index
The latest Philly Fed business index figures show a notable improvement compared to previous readings. Key indicators such as employment, new orders, and prices show optimistic trends:
- Employment: vs -10.3 prior
- New orders: vs -5.2 prior
- Prices paid: vs +16.6 prior
- Prices received: vs +6.2 prior
- Shipments: vs +10.7 prior
- Unfilled orders: vs -11.7 prior
Look Ahead Indicators
The future outlook indicators are also positive with expectations for growth in key areas:
- Six month index: vs +7.2 prior
- Employment: vs +4.9 prior
- New orders: vs +24.2 prior
- Shipments: vs +26.7 prior
- Prices paid: vs +41.4 prior
- Prices received: vs +29.9 prior
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.