International Economic

Philly Fed index jumps unexpectedly in April, price pressures pick up

By Alexander Bueso

Date: Thursday 18 Apr 2024

(Sharecast News) - Manufacturing sector conditions in the U.S. mid-Atlantic region improved unexpectedly in April, the results of a closely-followed survey revealed.
The Federal Reserve Bank of Philadelphia's factory sector index rose from 3.2 in March to 15.5 in April (consensus: 1.5).

A key sub-index tracking new orders improved from...

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