Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Philly Fed Index Falls in March

Published 03/15/2018, 08:35 AM
Updated 03/15/2018, 08:34 AM
© Reuters.  The Philly Fed Index fell in March.

Investing.com - Manufactoring activity in the Philadelphia area fell slighly in March, raising concerns about the strength of the economy.

The Philadelphia Fed's manufacturing index fell in March to a reading of 22.3 from 25.8 in February, the Philly Fed reported on Thursday.The consensus forecast had been for a reading of 23.2.

Any reading above zero indicates improving conditions, below indicates worsening conditions.

Other indicationrs suggested sluggish growth in the region, especially for new orders, which surged to 35.7 from 24.5 in the prior month.

The Philly Fed business conditions rose in March to 47.9 from 41.2 in February while the Fed employment index inched forward to 25.6 from 25.2. Meanwhile prices paid was at 42.60 in March from 45.00 in February and the CAPEX index fell to 35.90 from 40.40.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.