"The index for current manufacturing activity in the region decreased from a reading of 13.7 in March to 8.5 this month," the Federal Reserve Bank of Philadelphia said in its latest Manufacturing Business Outlook Survey.
Key takeaways from the press release
- The new orders index increased 14 points to 15.7 this month.
- The current inventory index fell, by 15 points to a reading of 2.6.
- The current employment index increased from a reading of 9.6 in March to 14.7 this month.
- The diffusion index for future general activity declined nearly 3 points to 19.1, its lowest reading since February 2016.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.