Philadelphia Fed’s manufacturing gauge stays deep in contraction territory in March

The numbers: The Philadelphia Fed mentioned Thursday its gauge of regional enterprise exercise inched as much as destructive 23.2 in March from destructive 24.3 within the prior month. Any studying under zero signifies deteriorating circumstances. This is the seventh straight destructive studying and the ninth within the final ten months.

Key particulars: Broad indicators within the information had been all destructive in March. The barometer on new orders sank to destructive 28.2 in March from destructive 13.6 within the prior month. The shipments index sank to destructive 25.4 from 8. The…

Source web site: www.marketwatch.com

Rating
( No ratings yet )
Loading...