TeleTrade - Analytics

    TeleTrade

    689.50 6.50/10
    81% of positive reviews
    Real

    Philadelphia Federal Reserve Bank’s manufacturing index dropped to 5.2 in February | 19.02.2015

     

    The Philadelphia Federal Reserve Bank released its manufacturing index on Thursday. The index declined to 5.2 in February from 6. 3 in January, missing expectations for a rise to 8.8. That was the lowest reading since February 2014.

     

     

    The index fell the third consecutive month.

     

     

    A reading above zero indicates expansion.

     

     

    The survey's future activity index declined from a reading of 50.9 in January to 29.7 in February, but continues to reflect general optimism about manufacturing growth in the region over the next six months.


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree