The Philadelphia Fed Manufacturing Index fell to -7.5 this month compared to -2.2, last month. Looking deeper into the details, the future general activity index remained positive, but declined to 51.9 from 60.1 last month. Further deterioration to this component could indicate continued weakness in in the general business activity index through the beginning of […]
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GDP
The Empire State Manufacturing Survey’s General Business Conditions Index moved up to -0.6 from -9.4 in June. Both the new orders and shipment indices came in above 0 this month, indicating growth, at 5.9 and 11.0, respectively. But, the employment index remained depressed with a reading of -20.8, almost unchanged from the prior month. It […]
The Non-Manufacturing ISM came in at 47 compared to the consensus forecast of 46.7. This signifies the sector is still contracting, but at a slower pace than in May, which had a reading of 44.0. This was the index’s best showing in 9 months. The new orders index, which tends to be forward looking rose […]