Philly Fed Index Indicates Sharp Downturn In Activity In September

RTTNews | 707 दिनों पहले

(RTTNews) - After reporting growth in regional manufacturing activity in the previous month, the Federal Reserve Bank of Philadelphia released a report on Thursday showing a significant downturn in activity in the month of September.

The Philly Fed said its diffusion index for current activity tumbled to a negative 13.5 in September from a positive 12.0 in August, with a negative reading indicating contraction. Economists had expected the index to slump to a negative 0.7.

The sharp pullback by the headline index came as the indicators for new orders and shipments also returned to negative territory after turning positive in August.

The new orders index plunged to a negative 10.2 in September from a positive 16.0 in August, while the shipments index slid to a negative 3.2 in September from a positive 5.7 in August.

Meanwhile, the number of employees index crept up to a negative 5.7 in September from a negative 6.0 in August, although the negative reading still indicates a decrease in employment.

The report also said the prices paid index climbed to 25.7 in September from 20.8 in August, while the prices received index inched up to 14.8 in September from 14.1 in August.

Looking ahead, the diffusion index for future general activity jumped to 11.1 in September from 3.9 percent in August, suggesting more widespread expectations for overall growth over the next six months.

A separate report released by the Federal Reserve Bank of New York last Friday showed a substantial turnaround by New York manufacturing activity in the month of September.

The New York Fed said its general business conditions index surged to a positive 1.9 in September from a negative 19.0 in August, with a positive reading indicating growth in regional manufacturing activity. Economists had expected the index to climb to a negative 10.0.

टैग: USD

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 | 6घंटे 42 मिनट पहले

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 | 7घंटे 16 मिनट पहले

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 | 7घंटे 22 मिनट पहले

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 | 8घंटे 35 मिनट पहले

U.S. Weekly Jobless Claims Edge Down To 229,000

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.

RTTNews | 8घंटे 40 मिनट पहले

U.S. Consumer Confidence Index Edges Lower In August

A report released by the Conference Board on Tuesday showing a modest deterioration by consumer confidence in the U.S. in the month of August. The Conference Board said its consumer confidence index dipped to 97.4 in August from an upwardly revised 98.7 in July.

RTTNews | 2 दिनों पहले

U.S. Durable Goods Orders Slump 2.8% In July, Much Less Than Expected

Reflecting a continued plunge by orders for transportation equipment, the Commerce Department released a report on Tuesday showing a steep drop by new orders for U.S. manufactured durable goods in the month of July. The Commerce Department said durable goods orders slumped by 2.8 percent in July after plummeting by a revised 9.4 percent in June.

RTTNews | 2 दिनों पहले

U.S. Durable Goods Orders Tumble Less Than Expected In July

RTTNews | 2 दिनों पहले

EURUSD	1.1678	GBPUSD	1.35056	AUDUSD	0.65263
USDJPY	146.832	USDCAD	1.37442	USDCHF	0.80041