Financial News: Philly Fed Index Unexpectedly Jumps To 15.5 In

Philly Fed Index Unexpectedly Jumps To 15.5 In April

04/18/2024 - 08:41:00 (RTTNews)

(RTTNews) - Growth in Philadelphia-area manufacturing activity has unexpectedly seen a considerable acceleration in the month of April, the Federal Reserve Bank of Philadelphia revealed in a report released on Thursday.

The Philly Fed said its diffusion index for current general activity jumped to 15.5 in April from 3.2 in March, with a positive reading indicating growth. Economists had expected the index to edge down to 1.5.

Looking ahead, the Philly Fed said most future activity indicators declined but continue to suggest that firms expect growth over the next six months.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Construction Spending Unexpectedly Edges Slightly Lower In March (01 hr(s), 31 min(s), 43 sec(s) ago)
(RTTNews) - Reflecting a decrease in spending on private construction, the Commerce Department rel ...Full Story»

U.S. Manufacturing Index Indicates Modest Contraction In April (01 hr(s), 35 min(s), 43 sec(s) ago)
(RTTNews) - The Institute for Supply Management released a report on Wednesday showing a modest co ...Full Story»

U.S. Crude Oil Inventories Unexpectedly Rebound (01 hr(s), 41 min(s), 43 sec(s) ago)
(RTTNews) - The Energy Information Administration released a report on Wednesday showing an unexpe ...Full Story»

U.S. Job Openings Decrease More Than Expected In March (02 hr(s), 0 min(s),43 sec(s) ago)
(RTTNews) - A report released by the Labor Department on Wednesday showed job openings in the U.S. ...Full Story»

U.S. Construction Spending Unexpectedly Edges Down 0.2% In March (02 hr(s), 06 min(s), 43 sec(s) ago)
(RTTNews) - Reflecting a decrease in spending on private construction, the Commerce Department rel ...Full Story»

U.S. Manufacturing Index Dips Slightly More Than Expected In April (02 hr(s), 13 min(s), 43 sec(s) ago)
(RTTNews) - The Institute for Supply Management released a report on Wednesday showing a modest co ...Full Story»

U.S. Private Sector Employment Jumps By 192,000 Jobs In April, More Than Expected (02 hr(s), 34 min(s), 43 sec(s) ago)
(RTTNews) - Private sector employment in the U.S. increased by more than expected in the month of ...Full Story»

Treasury Department Reveals Details Of Long-Term Securities Auctions (03 hr(s), 04 min(s), 43 sec(s) ago)
(RTTNews) - The Treasury Department on Wednesday announced the details of this month's auction ...Full Story»