Philadelphia Fed’s manufacturing gauge remains in negative territory in July for 11th straight month
The numbers: The Philadelphia Fed said Thursday its gauge of regional business activity inched up to negative 13.5 in July from negative 13.7 in the previous month. Any reading below zero indicates deteriorating conditions. This is the 11th straight negative reading.Key... The numbers: The Philadelphia Fed said Thursday its gauge of regional business activity inched up to negative 13.5 in July from negative 13.7 in the previous month. Any reading below zero indicates deteriorating conditions.
One bright spot was that the measure of the six-month business outlook rose to 29.1 in July, the highest reading since August 2021. The Philadelphia index is showing slightly better results than the recent trend. It had averaged negative 15.5 over the last 10 months. The ISM factory index contracted in June for the eighth straight month, falling to 46% from 46.9% in the previous month.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
What's new at the Philadelphia Orchestra, Opera Philadelphia, Philadanco and Philadelphia BalletWe take a look at what's on tap for the upcoming season of these staple performances.
Read more »
Community to honor 12 killed in Aurora theater shooting on 11th anniversaryThe community will come together before midnight to honor the 12 people who were killed and 70 more who were injured in a shooting at the Century 16 theater in Aurora on July 20, 2012.
Read more »
Feds want to take over New York City's problem-plagued jail Rikers IslandA federal prosecutor says his office is seeking to have control of NYC’s trouble-plagued Rikers Island jail taken away from Mayor Eric Adam’s administration, calling conditions there a “collective failure with deep roots.”
Read more »
Saskatchewan calls on feds to provide drought relief for ranchersAgriculture Minister David Marit has written to Ottawa to activate a disaster recovery program for livestock producers.
Read more »
Feds charge suspect in violent Oakland home invasion with trafficking meth and fentanylMaxfer Palma, 29, was one of five suspects to be investigated for alleged involvement in an Oakland home invasion that occurred just one month before authorities allegedly seized pounds of meth and…
Read more »
Feds announce nationwide crackdown on robocalls and telemarketing scamsU.S. regulators announce a nationwide crackdown to stop companies from inundating people with billions of unwanted and illegal robocalls and telemarketing calls.
Read more »