Reported about 8 hours ago
In January, the Philadelphia Fed’s manufacturing index surged to 44.3, marking the highest increase since April 2021 and the largest gain since June 2020. This uptick in manufacturing activity suggests a possible end to the long decline in the factory sector, driven by significant rises in new orders and shipments, alongside a six-month high in employment levels. The report surpasses economists' expectations and indicates growing optimism in the manufacturing sector.
Source: YAHOO