At the same time, industrial production is going sideways, and the Philadelphia Fed index
of general business activity in the mid-Atlantic region more than halved in August from July, to just a 9.
Similarly, the latest Philadelphia Fed index
much stronger than expected with an increase to 19.
The decline in the Philadelphia Fed index
was more muted, however, and there was a modest increase in the Markit flash PMI.
Philadelphia Fed Index
which suggests a significant MoM contraction in business conditions for August.
Trader confidence was knocked after a key economic indicator in the United States, the Philadelphia Fed Index
, which measures changes in business growth, gave a weaker-than-expected reading for May.
Even so, the Philadelphia Fed index
was up from last month's dismal reading of minus 24.
Shuichi Kanehira, senior vice president of Mizuho Corporate Bank's forex division, said the Philadelphia Fed index
made investors ''conscious again about a U.
The studies suggest that regional manufacturing surveys also contain some information about national manufacturing activity, but not any more than the broader-based ISM survey: Levy and Kretzmer found that the Philadelphia Fed index
and Chicago Purchasing Managers indexes were highly correlated with year-over-year changes in U.
In contrast, the Philadelphia Fed index
was sharply weaker than expected at -5.
4% increase in December and the Philadelphia Fed Index
advanced to 17.
economic figures slated for later Thursday include the Philadelphia Fed Index
for October and the Conference Board index of leading indicators for September.
76mn the previous month whiles the Philadelphia Fed index
increased to 8.