He Manufacturing index of the Fed of Philadelphia has fallen about 39 points in April, collapsing to -26.4 From the +12.5 of March, its lowest level in 24 months. The figure remarkably disappoints the +2 points expected by the market.
CThus 39% of the companies reported declines in the general activity this monthwhile 13% reported increases; 41% did not register changes. The N indexEuevos also fell dramatically, from 8.7 in March to -34.2 this month, its lowest level since April 2020. The current shipping index decreased 11 points, to -9.1 this month.
Dollar reaction
The dollar (DXY) index has reacted to this data with a slight drop to 99.58, quoting at the time of writing about 99.59, although it is still winning 0.32% daily.
Economic indicator
Philadelphia Fed Manufacturing Index
It is an index on the conditions of the manufacturing sector of the Federal Reserve Bank of Philadelphia. This survey serves as an indicator of the tendency of the manufacturing sector, is related to ISM index (Institute for Supply Management) and the industrial production index. It is also used as a forecast of the ISM index. A reading superior to expectations is bullish for the dollar, while a result lower than the market consensus is bassist.
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Last publication: PLAY APR 17, 2025 12:30
Frequency: Monthly
Current: -26.4
Dear: 2
Previous: 12.5
Fountain: Federal Reserve Bank of Philadelphia
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
