US: Philly Fed Nonmanufacturing Index improves to 36.3 in April from 27.4

Philly Fed Nonmanufacturing Index improved modestly in April.
US Dollar Index posts small daily gains around 91.20.

Eren Sengezer FXStreet

The headline Regional Business Activity Index of the Federal Reserve Bank of Philadelphia's Nonmanufacturing Business Outlook Survey improved to 36.3 in April from 27.4 in March.

Further details of the publication revealed that the Firm-level Business Activity Index declined to 21.5 from 26.6 and the Full-time Employment Index edged lower to 7 from 8.

Market reaction

The US Dollar Index extended its rebound following this report and was last seen gaining 0.14% on a daily basis at 91.20.

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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