(Finance) – does not improve the activity of manufacturing sector in the’Philadelphia area (United States). TO Junethe index relating to the manufacturing activity of the Fed district of Philadelphia (Philly Fed) remained a -4 pointssame score recorded in May. The data is worse than EXCEPTS OF AALAGESwhich indicated a level of -1.7 points.
It must be said that an index higher than zero indicates that within the District of Philadelphia There are more optimistic than pessimist companies in the manufacturing sector, vice versa an index below zero indicates the prevalence of the number of pessimistic companies.
Among the components of the index, that of new orders he stood at 2.3 points from +7.5 points, the one on Business conditions went down to 18.3 points from 47.2 and the one on investment expenditure (Capex) dropped to 14.5 points from 27, while the index on theemployment He stands at -9.8 from +16.5 points and the one on prices to 41.4 from 59.8 points.
(Photo: by Rabih Shasha on UNSPLASH)