The Philadelphia Fed said Thursday its gauge of regional business activity fell to negative 12.3 in July from negative 3.3 in the prior month.
The numbers: The Philadelphia Fed said Thursday its gauge of regional business activity dropped to negative 12.3 in July from negative 3.3 in the prior month.Any reading below zero indicates deteriorating conditions in the manufacturing sector. This is the second straight... The numbers: The Philadelphia Fed said Thursday its gauge of regional business activity dropped to negative 12.3 in July from negative 3.3 in the prior month.
Big picture: U.S. manufacturing, the star performer of the pandemic, is suddenly struggling. Economists are concerned that layoffs and cutbacks in output are on the horizon. Last week, the similar Empire State survey released by the New York Fed showed manufacturing activity improved, with the business conditions index jumping 12.3 points to 11.1 in July.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Your Turn, July 21: Are ranchers voting against their own interests in climate change?Read the Express-News letters to the editor for July 21.
Weiterlesen »
8 don’t miss coat deals at Nordstrom Anniversary Sale | Sale ends July 31Forget the weather outside. Winter is coming and the Nordstrom Anniversary Sale has the stylish coats you need at prices you'll love. Get them before they go to full price on August 1.
Weiterlesen »
Alex's War: A film about the de-platformed conspiracy theorist hits iTunes July 29Conspiracy theorist Alex Jones has been de-platformed from much of the Internet. This month, he'll be the subject of the film 'Alex's War.'
Weiterlesen »
Bitcoin mining stock report: Wednesday, July 20Here's how crypto mining companies performed on Wednesday, July 20.
Weiterlesen »
Anchorage could see wettest July on record as continuing rain prompts flood advisoriesHeavy rain throughout Southcentral Alaska during the past week is expected to continue, setting the stage to make this July one of the wettest on record in Anchorage.
Weiterlesen »
Akron Children’s Hospital to offer free health, wellness screenings for children July 23Screenings for children ages 18 and younger will be offered from 10 a.m.-12 p.m. and from 1-3 p.m. The event will feature games and activities, along with free school and hygiene supplies, according to a news release.
Weiterlesen »