01:30 PM BST, United States - Philadelphia Fed Manufacturing Index for June:
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Main index: actual -4.0; forecast -1.7; previous -4.0;
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Philly Fed Employment: actual -9.8; previous 16.5;
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Philly Fed Prices Paid: actual 41.40; previous 59.80;
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Philly Fed New Orders: actual 2.3; previous 7.5;
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Philly Fed Business Condition: actual 18.3; previous 47.2;
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Create account Try a demo Download mobile app Download mobile appOne of the first regional manufacturing reports for June signals a continued slowdown in industrial activity, following a surge earlier in the year. New orders declined again, easing price pressures, while employment turned negative for the first time since October 2024 — a sign of growing weakness in the sector. Philadelphia, a key manufacturing hub in the industrial Northeast, plays a central role with major industries including chemicals, pharmaceuticals, machinery, and food processing.
Source: xStation5
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