Philly Fed factory index is little changed in July
By Alexander Bueso
Date: Thursday 20 Jul 2023
(Sharecast News) - Manufacturing sector activity in the U.S. mid-Atlantic region was little changed in July, according to the results of a closely followed survey.
The Federal Reserve Bank of Philadelphia's factory sector index edged up from a reading of -13.7 for June to -13.5 (consensus: -10.0).
A key gauge tracking new orders worsened from -11.0 to -15.9.
The sub-index for prices paid meanwhile slipped from 10.5 to 9.5 and that for shipments fell from 9.9 to -12.5.
The sub-index linked to staffing levels dipped further from -0.4 to -1.0.
An index for expectations regarding business activity six months ahead did jump from 12.7 to 29.1
However, a sub-index tied to intentions for capital outlays over the same time frame dipped from 9.9 to 8.6.
-- More to follow --
Special promo:
Trading the Forex Market? Visit FXmania.com to get advanced infomation about currencies and the Foreign Exchange
Market.
Email this article to a friend
or share it with one of these popular networks:
You are here: news
10 Lower Thames St,
London EC3R 6EN