USA News Today | Daily Us NewsPaper
Monday, December 1, 2025
  • Politics
  • Headlines
  • Local news
  • Business
  • Science
  • Lifestyle
  • Tech
USA News Today | Daily Us NewsPaper
No Result
View All Result
Home Business

Philly Fed Index Unexpectedly Turns Positive In February

February 16, 2024
in Business
U.S. Business Inventories Increases In Line With Estimates In December

Manufacturing activity in the Philadelphia area has seen a significant turnaround in the month of February, the Federal Reserve Bank of Philadelphia revealed in a report released on Thursday.

The Philly Fed said its diffusion index for current general activity surged to a positive 5.2 in February from a negative 10.6 in January, with a positive reading indicating growth. Economists had expected the index to rise to a negative 8.0.

Looking ahead, the Philly Fed said the survey’s broad indicators for future activity rose, suggesting more widespread expectations for overall growth over the next six months.

Copyright © 2024, RTTNews.com, Inc. All Rights Reserved.

Tags: Breaking NewsEconomic News

Related Posts

U.S. Consumer Sentiment Tumbles To Six-Month Low In May

by USA News Editor
May 13, 2024
0

A report released by the University of Michigan on Friday showed a substantial deterioration in U.S. consumer sentiment in the...

U.S. Service Sector Activity Contracts For First Time Since December 2022

by USA News Editor
May 3, 2024
0

After growing for fifteen consecutive months, U.S. service sector activity unexpectedly contracted in the month of April, according to a...

U.S. Job Growth Falls Short Of Estimates In April, Unemployment Rate Ticks Higher

by USA News Editor
May 3, 2024
0

After reporting stronger than expected job growth over the past several months, the Labor Department released a report on Friday...

U.S. Factory Orders Surge In Line With Estimates In March

by USA News Editor
May 2, 2024
0

New orders for U.S. manufactured goods surged in line with economist estimates in the month of March, according to a...

U.S. Labor Productivity Increases Modestly In Q1, Labor Costs Spike

by USA News Editor
May 2, 2024
0

A report released by the Labor Department on Thursday showed labor productivity in the U.S. increased by less than expected...

U.S. Trade Deficit Narrows Slightly To $69.4 Billion In March

by USA News Editor
May 2, 2024
0

The U.S. trade deficit edged slightly lower in the month of March, according to a report released by the Commerce...

Advertisement

Today Trend USA News

U.S. Mortgage Applications Show Another Weekly Decrease

2 years ago

NYC Issues Health Alert As Leptospirosis Cases Continue To Rise

2 years ago

Chad Smith, Lars Uhlrich To Make Cameos In 'This Is Spinal Tap' Sequel

2 years ago

Lizzo Clarifies 'I Quit' Declaration, Says She 'Quit Giving Any Negative Energy Attention'

2 years ago

Experimental CAR-T Therapy Shrinks Brain Tumor

2 years ago

UN Officials Urge Israel Not To Target Humanitarian Personnel

2 years ago

Popular News Today

  • Kylie Minogue, Future & Arcade Fire To Headline Splendour In The Grass 2024

    0 shares
    Share 0 Tweet 0
  • Courtney Love Slams Taylor Swift As 'Not Important,' 'Not Interesting As An Artist'

    0 shares
    Share 0 Tweet 0
  • Study Finds Potential New Drug Target To Prevent Ebola Virus

    0 shares
    Share 0 Tweet 0
  • Stevie Wonder, Misty Copeland To Be Honored By Peabody Institute

    0 shares
    Share 0 Tweet 0
  • Janelle Monae Announces Shows In London, Manchester

    0 shares
    Share 0 Tweet 0
  • About
  • Contact Form
  • Terms of Use
  • Privacy Policy
  • DMCA

© 2024 USANEWS.ONE

No Result
View All Result
  • Politics
  • Headlines
  • Local news
  • Business
  • Science
  • Lifestyle
  • Tech

© 2024 USANEWS.ONE

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.

We respect your privacy and take protecting it seriously