US: Philly Fed Manufacturing Index improves to 13.7 in March from -4.1 in February

Eren Sengezer FXStreet

"The index for current manufacturing activity in the region increased from a reading of -4.1 in February to 13.7 this month," the Federal Reserve Bank of Philadelphia reported in its March 2019 Manufacturing Business Outlook Survey.

Key takeaways from the press release

The current new orders index improved modestly, increasing from -2.4 in February to 1.9 in March.
The current shipments index increased 25 points to 20.0.
The current employment index, however, decreased from a reading of 14.5 in February to 9.6 this month.
The prices paid index decreased 2 points to 19.7. The prices paid index declined for the eighth consecutive month and is at its lowest reading since July 2017.

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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