| Indicator | Value |
|---|---|
| Forecast | 11.4 |
| Previous | -0.4 |
The Philly Fed Manufacturing Index is an indicator that measures the health of the manufacturing sector in the Philadelphia region. It is based on surveys conducted among factory managers and provides insights into trends in production, employment, and orders. An increase in this index suggests improvement in the manufacturing sector, which can have a positive impact on the economy.
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Further Reading
- Federal Reserve Monetary Policy — Federal Reserve
- Employment Situation Summary — Bureau of Labor Statistics