FOREX TradingCharts.com

Financial News: Philly Fed Index Plummets To Two-Year Low In

Philly Fed Index Plummets To Two-Year Low In April

04/17/2025 - 10:23:00 (RTTNews)

(RTTNews) - The Federal Reserve Bank of Philadelphia released a report on Thursday showing a steep drop by its reading on regional manufacturing activity in the month of April.

The Philly Fed said its diffusion index for current general activity plummeted to a negative 26.4 in April from a positive 12.5 in March, with a negative reading indicating contraction. Economists had expected the index to slump to a positive 2.0.

With the much steeper than expected drop, the diffusion index for current general activity plunged to its lowest level since April 2023.

The nosedive by the headline index partly reflected a substantial downturn by new orders, as the new orders index dove to a negative 34.2 in April from a positive 8.7 in March. The shipments index also tumbled to a negative 9.1 in April from a positive 2.0 in March.

The report said the number of employees index also plunged to 0.2 in April from 19.7 in March, with firms reporting mostly steady employment overall.

Looking ahead, the Philly Fed said future activity indicators continue to suggest subdued expectations for growth over the next six months, although the diffusion index for future general activity inched up to 6.9 in April from 5.6 in March.

The report also said the prices paid index rose to 51.0 in April from 48.3 in March, reaching its highest level since July 2022, while the prices received index inched up to 30.7 in April from 29.8 in March.

A separate report released by the Federal Reserve Bank of New York on Tuesday showed New York manufacturing activity has declined modestly in the month of April.

The New York Fed said its general business conditions index jumped to a negative 8.1 in April after plunging to a negative 20.0 in March, although a negative reading still indicates contraction. Economists had expected the index to rise to a negative 14.5.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2025 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Lithuania Inflation Remains Stable, Trade Gap Widens (01 hr(s), 53 min(s), 42 sec(s) ago)
(RTTNews) - Lithuania's consumer price inflation held steady in April after rising to a 19-mon ...Full Story»

Slovakia Industrial Output Recovers In March (02 hr(s), 14 min(s), 42 sec(s) ago)
(RTTNews) - Slovakia's industrial production expanded for the first time in three months in Ma ...Full Story»

Portugal Trade Deficit Widens March (02 hr(s), 36 min(s), 42 sec(s) ago)
(RTTNews) - Portugal's trade gap increased in March from a year ago as imports grew faster tha ...Full Story»

Ireland Manufacturing Production Surges 49.1% (03 hr(s), 28 min(s), 42 sec(s) ago)
(RTTNews) - Ireland's manufacturing output growth quickened further in March, preliminary figu ...Full Story»

Czech Retail Sales Growth Improves To 3.4% (05 hr(s), 04 min(s), 42 sec(s) ago)
(RTTNews) - The Czech Republic's retail sales growth improved slightly in March after remainin ...Full Story»

Turkey Industrial Production Rebounds 2.5% (05 hr(s), 15 min(s), 42 sec(s) ago)
(RTTNews) - Turkey's industrial output expanded in March after a renewed decline in the prior ...Full Story»

Swiss Consumer Confidence Weakens To 16-month Low (05 hr(s), 34 min(s), 42 sec(s) ago)
(RTTNews) - Swiss consumer confidence decreased further in April to the lowest level in nearly one ...Full Story»

Italy Industrial Output Rises Marginally (06 hr(s), 35 min(s), 42 sec(s) ago)
(RTTNews) - Italy industrial output grew only marginally in March, data from the statistical offic ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Lithuania Inflation Remains Stable, Trade Gap Widens

05/09/2025 - 10:12 AM (RTTNews)
(RTTNews) - Lithuania's consumer price inflation held steady in April after rising to a 19-mon ...Full Story>>

Slovakia Industrial Output Recovers In March

05/09/2025 - 09:51 AM (RTTNews)
(RTTNews) - Slovakia's industrial production expanded for the first time in three months in Ma ...Full Story>>

Portugal Trade Deficit Widens March

05/09/2025 - 09:29 AM (RTTNews)
(RTTNews) - Portugal's trade gap increased in March from a year ago as imports grew faster tha ...Full Story>>

Ireland Manufacturing Production Surges 49.1%

05/09/2025 - 08:37 AM (RTTNews)
(RTTNews) - Ireland's manufacturing output growth quickened further in March, preliminary figu ...Full Story>>

Czech Retail Sales Growth Improves To 3.4%

05/09/2025 - 07:01 AM (RTTNews)
(RTTNews) - The Czech Republic's retail sales growth improved slightly in March after remainin ...Full Story>>

Do not sell my personal information

Copyright © 2025. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.