| Indicator | Value |
|---|---|
| Forecast | 17.5 |
| Previous | 16.3 |
The Philly Fed Manufacturing Index is an indicator that measures activity in the manufacturing sector in the Philadelphia region. Readings above zero indicate expansion, while readings below zero indicate contraction. It is an important indicator for analyzing the health of the industry in the USA and for forecasting future economic trends.
Watchlist: DXY reaction, UST yields, volatility in the commodities market
Related Topics
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Further Reading
- Federal Reserve Monetary Policy — Federal Reserve
- Commodity Markets — World Bank
