Philly Fed: Regional manufacturing activity continued to expand, but at a slower pace than last month

Eren Sengezer FXStreet

Results from the April Manufacturing Business Outlook Survey suggest that regional manufacturing activity continued to expand, but at a slower pace than last month, said the Federal Reserve Bank of Philadelphia.

Key highlights:

The diffusion indexes for general activity, new orders, and shipments remained positive but fell from their readings in March.
The current employment index, however, improved slightly and continues to suggest expanding employment in the manufacturing sector
The survey’s future indicators continued to reflect general optimism but retreated from their high readings in the first three months of the year.

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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