What do you need to know about the Philadelphia Fed Index?
The Philadelphia Fed Index, also known as the Philadelphia Fed Manufacturing Business Outlook Survey, is a monthly economic indicator that signifies the health of the manufacturing sector in the Eastern region of the United States. A high index suggests vigorous manufacturing activity in that region, and a low index suggests the opposite. It’s generally considered […]
USD/JPY has risen above the 138 yen level driven by positive US initial jobless claims and the Philadelphia Fed Index.
The market has responded to the dollar buying pressure following the release of a series of US economic indicators, pushing USD/JPY above the 138 yen level. The May Philadelphia Fed Index improved to -10.4 from the previous reading of -31.3, surpassing market expectations. Additionally, initial jobless claims for the previous week decreased to 242,000 from […]
The Philadelphia Fed Index is affected by the decline in price items
In April, the Philadelphia Fed Business Conditions Index dropped more than expected to -31.3. By item, the decrease in purchase price and sales price is conspicuous. Arrival delays and inventory levels have also fallen from the previous time. On the other hand, new orders, shipments, backlog of orders, number of employees, average weekly working […]