Financial News: Philly Fed Index Unexpectedly Increases In August

Philly Fed Index Unexpectedly Increases In August

08/20/2026 - 08:39:00 (RTTNews)

(RTTNews) - Philadelphia-area manufacturing activity continued to expand in the month of August, 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 climbed to 47.4 in August from 41.4 in July, with a positive reading indicating growth. Economists had expected the index to plunge to 25.0.

With the unexpected increase, the Philly Fed index reached its highest level since hitting 48.8 in April 2021.

Looking ahead, the Philly Fed said the diffusion index for future general activity soared to 73.6 in August from 34.4 in July, reaching its highest level since August 1983.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Luxembourg Jobless Rate Steady At 6.3% (11 min(s), 15 sec(s) ago)
(RTTNews) - Luxembourg's unemployment rate remained stable in July after rising marginally in ...Full Story»

Taiwan Export Order Growth Accelerates To 61.9% (22 min(s), 15 sec(s) ago)
(RTTNews) - Taiwan's export order growth quickened for the second straight month in July, data ...Full Story»

Philly Fed Index Unexpectedly Increases In August (54 min(s), 15 sec(s) ago)
(RTTNews) - Philadelphia-area manufacturing activity continued to expand in the month of August, a ...Full Story»

U.S. Weekly Jobless Claims Unexpectedly Decrease (59 min(s), 15 sec(s) ago)
(RTTNews) - The Labor Department released a report on Thursday showing first-time claims for U.S. ...Full Story»

UK Manufacturing Orders Improve In August: CBI (01 hr(s), 42 min(s), 15 sec(s) ago)
(RTTNews) - UK manufacturing order books registered a significant improvement in August as export ...Full Story»

Poland Industrial Output Growth Eases; Producer Price Inflation Highest Since May 2023 (01 hr(s), 49 min(s), 15 sec(s) ago)
(RTTNews) - Poland's industrial production growth moderated in July from a 9-month high in the ...Full Story»

Hong Kong Inflation Eases To 1.7% (02 hr(s), 32 min(s), 15 sec(s) ago)
(RTTNews) - Hong Kong's consumer price inflation moderated as expected in July to the lowest l ...Full Story»

Eurozone Construction Output Declines (03 hr(s), 11 min(s), 15 sec(s) ago)
(RTTNews) - Eurozone construction output declined in June after registering a moderate growth in t ...Full Story»