Philadelphia-Area Manufacturing Activity Continues To Decline In July

RTTNews | vor 771 Tagen

(RTTNews) - Philadelphia-area manufacturing activity continued to decline in the month of July, the Federal Reserve Bank of Philadelphia revealed in a report released on Thursday.

The Philly Fed said its diffusion index for current activity crept up to a negative 13.5 in July from a negative 13.7 in June, with a negative reading indicating a contraction. Economists had expected the index to rise to a negative 10.0.

The report showed a significant downturn in shipments during the month, with the shipments index plunging to a negative 12.5 in July from a positive 9.9 in June.

The new orders index also slumped to a negative 15.9 in July from a negative 11.0 in June, remaining in negative territory for the fourteenth consecutive month.

The number of employees index also edged down to a negative 1.0 in July from a negative 0.4 in June, while the prices paid index slipped to 9.5 from 10.5.

Meanwhile, the prices received index soared to 23.0 in July from 0.1 in June, reaching its highest level since January.

Looking ahead, the Philly Fed said most future indicators improved, suggesting more widespread expectations for overall growth over the next six months.

The diffusion index for future general activity jumped to 29.1 in July from 12.7 in June, reaching its highest reading since August 2021.

"Together with the Empire State survey released earlier this week, the surveys suggest manufacturing output declined further in July," said Michael Pearce, Lead U.S. Economist at Oxford Economics.

The Federal Reserve Bank of New York released a separate report on Monday showing a pullback in the pace of growth in regional manufacturing activity in the month of July.

The New York Fed said its general business conditions index fell to 1.1 in July after surging to 6.6 in June, although a positive reading still indicates growth. Economists had expected the index to drop to zero.

Tags: USD

U.S. Consumer Sentiment Deteriorates Slightly More Than Initially Estimated In August

The University of Michigan released a report on Friday showing consumer sentiment in the U.S. deteriorated by slightly more than previously estimated in the month of August. The report said the consumer sentiment index for August was downwardly revised to 58.2 from the preliminary reading of 58.6.

RTTNews | vor 5Std 57 Minuten

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.

RTTNews | vor 6Std 15 Minuten

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.

RTTNews | vor 6Std 59 Minuten

U.S. PCE Price Index Increased In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday.

RTTNews | vor 7Std 41 Minuten

U.S. Pending Home Sales Fall More Than Expected In July

A report released by the National Association of Realtors on Thursday showed pending home sales in the U.S. fell by more than expected in the month of July. NAR said its pending home sales index decreased by 0.4 percent to 71.7 in July after sliding by 0.8 percent to 72.0 in June. Economists had expected pending home sales to edge down by 0.1 percent.

RTTNews | vor 1 Tagen

U.S. Economy Surges More Than Previously Estimated In Q2

The U.S. economy grew by more than previously estimated in the second quarter of 2025, according to revised data released by the Commerce Department on Thursday. The report said real gross domestic product shot up by 3.3 percent in the second quarter compared to the previously reported 3.0 percent surge. Economists had expected the jump in GDP to be upwardly revised to 3.1 percent.

RTTNews | vor 1 Tagen

U.S. Weekly Jobless Claims Dip Roughly In Line With Estimates

A report released by the Labor Department on Thursday showed a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 23rd. The Labor Department said initial jobless claims dipped to 229,000, a decrease of 5,000 from the previous week's revised level of 234,000. Economists had expected jobless claims to slip to 230,000.

RTTNews | vor 1 Tagen

U.S. GDP Jumps More Than Previously Estimated In Q2

The U.S. economy grew by more than previously estimated in the second quarter of 2025, according to revised data released by the Commerce Department on Thursday.

RTTNews | vor 1 Tagen

EURUSD	1.16954	GBPUSD	1.35126	AUDUSD	0.65442
USDJPY	146.998	USDCAD	1.37383	USDCHF	0.80013