BREAKING: Philly Fed Manufacturing Stays Negative for Third Month Straight

01:30 PM BST, United States - Philadelphia Fed Manufacturing Index for June:

• Main index: actual -4.0; forecast -1.7; previous -4.0;

• Philly Fed Employment: actual -9.8; previous 16.5;

• Philly Fed Prices Paid: actual 41.40; previous 59.80;

• Philly Fed New Orders: actual 2.3; previous 7.5;

• Philly Fed Business Condition: actual 18.3; previous 47.2;

One 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