Philadelphia Fed Manufacturing Index in the US rose to 30.7 in September, contrary to market expectations. Philadelphia branch of the US Federal Reserve (Fed) announced manufacturing index data for September. According to the results of the survey conducted by the bank, Philadelphia Fed Manufacturing Index, in September Compared to the previous month, it increased by 11 points to 30.7.
Contrary to market expectations, the index was expected to rise to 18.8 in this period. The index was realized at 19.7 level in August.
In this period, the new orders index decreased by 7 points to 15.9, while the shipment index increased by 11 points to 29.9. The employment index, on the other hand, decreased by 6.3 points to 26.3. In the indexes prepared by the Philadelphia Fed, values above zero indicate expansion, while values below indicate contraction.
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