Philly Fed Index Plunges

The Philly Fed Manufacturing Index is in free-fall.

The Philadelphia Federal Reserve Manufacturing Index rates the relative level of
general business conditions in Philadelphia. A level above zero on the Index indicates
improving conditions; below indicates worsening conditions. The data is compiled from
a survey of about 250 manufacturers in the Philadelphia Federal Reserve district.
Just the week, the Index missed expectations by a massive margin.

The Index is now at the lowest level since COVID.

The survey says…. economic outlook is gloomy…

Philly Fed Index Plunges
Philly Fed Index Plunges

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