Philly Fed: General activity remained positive but decreased 15 points in June

Eren Sengezer FXStreet

"The diffusion index for current general activity remained positive but decreased 15 points this month," the Federal Reserve Bank of Philadelphia said in its latest report highlighting the results from the June Manufacturing Business Outlook Survey.

Key takeaways

The new orders index fell nearly 23 points this month.
- While 38 percent of the firms reported an increase in orders, 20 percent reported declines.
The current shipments index increased 3 points.
The firms continued to report overall increases in employment.
- Nearly 34 percent of the responding firms reported increases in employment this month, while 3 percent reported decreases.
The firms continued to report higher prices for both purchased inputs and their own manufactured goods, although the survey’s price indicators fell modestly from their May readings.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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