Philly Fed: Manufacturing conditions in the region continued to advance in August

Eren Sengezer FXStreet

"Manufacturing conditions in the region continued to advance in August, according to firms responding to this month’s Manufacturing Business Outlook Survey," the Federal Reserve Bank of Philadelphia said on Thursday.

Key highlights:

The survey’s broadest measure of manufacturing conditions, the diffusion index of current activity, fell slightly from 19.5 in July to 18.9 in August
The index has been positive for 13 consecutive months
Despite the fallback in the general activity index, the demand for manufactured goods, as measured by the survey’s current new orders index, showed notable improvement
The current shipments index increased 17 points to 29.4
he employment index held near steady at 10.1

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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