(CercleFinance.com) – The diffusion index of current general activity, calculated by the Philadelphia Fed, increased by 12 points to stand at 15.5 in April, its third consecutive positive figure and its most high level since April 2022.
‘Nearly 38% of manufacturing companies reported an increase in general activity this month, while 22% reported declines; 40% reported no change,’ the investigators said.
They added that the index of new orders rose seven points in April, its second consecutive positive figure, and that of current shipments rose eight points to 19.1.
Copyright © 2024 CercleFinance.com. All rights reserved.
Did you like this article ? Share it with your friends using the buttons below.
