Latest Breaking News On - Philly fed business outlook - Page 3 : comparemela.com

May 2021 Philly Fed Manufacturing Survey Index Declined Analyst Opinion of the Philly Fed Business Outlook Survey Overall, this report was worse than last month and key elements improvements were mixed This is a very noisy index which readers should be reminded is sentiment-based. The Philly Fed historically is one of the more negative of all the Fed manufacturing surveys but has been more positive than the others recently. The index moved from 50.2 to 31.5. Positive numbers indicate market expansion, negative numbers indicate contraction. The market expected (from Econoday) 39.5 to 48.0 (consensus +45.0). Manufacturing activity in the region continued to grow, according to the firms responding to the May

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