Financial News: Philly Fed Index Jumps More Than Expected In

Philly Fed Index Jumps More Than Expected In May

05/15/2025 - 09:00:00 (RTTNews)

(RTTNews) - Philadelphia-area manufacturing activity remained weak in the month of May, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday.

The Philly Fed said its diffusion index for current general activity jumped to a negative 4.0 in May from a negative 26.4 in April, but a negative reading still indicates contraction. Economists had expected the index to climb to a negative 11.0.

Looking ahead, the Philly Fed said firms continued to expect growth over the next six months, with the diffusion index for future general activity soaring to 47.2 in May from 6.9 in April.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Japan Industrial Output Adds 0.5% In May (02 hr(s), 38 min(s), 40 sec(s) ago)
(RTTNews) - Industrial production in Japan was up a seasonally adjusted 0.5 percent on month in Ma ...Full Story»

South Korea Industrial Output Sinks 2.9% In May (03 hr(s), 19 min(s), 40 sec(s) ago)
(RTTNews) - Industrial production in South Korea was down a seasonally adjusted 2.9 percent on mon ...Full Story»

Japan Industrial Output Data Due On Monday (04 hr(s), 27 min(s), 40 sec(s) ago)
(RTTNews) - Japan will on Monday release preliminary May numbers for industrial production, highli ...Full Story»

U.S. Consumer Sentiment Improves Slightly More Than Previously Estimated In June (12 hr(s), 26 min(s), 40 sec(s) ago)
(RTTNews) - A report released by the University of Michigan on Friday showed consumer sentiment in ...Full Story»

U.S. Consumer Prices Inch Up In Line With Expectations But Core Price Growth Exceeds Estimates (12 hr(s), 50 min(s), 40 sec(s) ago)
(RTTNews) - While the Commerce Department released a closely watched report on Friday showing cons ...Full Story»

Brazil Jobless Rate Falls To 6.2% (12 hr(s), 54 min(s), 40 sec(s) ago)
(RTTNews) - Brazil's unemployment rate decreased in the three months ending in May, figures fr ...Full Story»

Turkish Economic Confidence Steady At 96.7 (13 hr(s), 13 min(s), 40 sec(s) ago)
(RTTNews) - Turkey's economic sentiment remained stable in June after rising marginally in the ...Full Story»

Iceland Inflation Rises To 4.2% (13 hr(s), 46 min(s), 40 sec(s) ago)
(RTTNews) - Consumer price inflation in Iceland accelerated in June after easing in the previous m ...Full Story»