Details:
6 month index: 5.6 vs 27.8 last monthCapex index 6-month forward: 13.4 vs 14.0 last monthEmployment: 19.7 vs 5.3 last monthPrices paid: 48.3 vs 40.5 last monthNew orders: 8.7 vs 21.9 last monthShipments: 2.0 vs 26.3 last monthUnfilled orders: 0.6 vs 1.4 last monthDelivery time: 4.1 vs 12.4 last monthInventories: -5.7 vs -0.4 last monthAverage workweek: 8.7 vs 2.9 last monthThe headline stabilized and employment rebounded but there was a sharp drop in new orders and the forward-looking index.
From the release:
Manufacturing activity in the region expanded overall but was less widespread, according to the firms responding to the March Manufacturing Business Outlook Survey. The survey’s indicators for current general activity, new orders, and shipments declined but remained positive. The employment index rose to a multiyear high. Both price indexes remain elevated. The survey’s future indicators suggest less widespread expectations for growth over the next six months This article was written by Adam Button at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( March Philly Fed +12.5 vs +8.5 expected )
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