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Showing 1 - 10 of 12 results for "Philly Fed index"

Economic Wrap

BENJAMIN ONG  |  FRIDAY, 20 MAY 2016
... Fedspeaks but it also provides the latest indication of activity in the US economy and, it isn't so nice. The Philly Fed index posted a minus 1.8 reading in May - even lower than the low end of market expecations of between 0 and 6.5 - from April's minus ...

Not so durable

BENJAMIN ONG  |  FRIDAY, 29 JAN 2016
... State manufacturing index dropped to a reading of minus 19.4 in January from minus 4.6 in the previous month; the Philly Fed index remains in contraction at minus 3.5 in January (although better than December's minus 10.2 reading); the Chicago Fed index's ...

G-20 goes for growth

BENJAMIN ONG  |  MONDAY, 24 FEB 2014
... and Philadelphia - the Empire State manufacturing PMI slid to a reading of 4.48 in Feb from 12.51 in Jan; the Philly Fed index fell to minus 6.3 in Feb from plus 9.4 in Jan. Blame the weather too for the drop in retail spending in Canada (down 1.8% in ...

It doesn't compute

BENJAMIN ONG  |  FRIDAY, 17 MAY 2013
... US housing starts plunged in April - the biggest fall since February 2011. After two months in the plus, the Philly Fed index fell back into the red this month. So did the Empire State index. It went negative in May - the first red ink since January. ...

A week's walk on Wall Street

BENJAMIN ONG  |  MONDAY, 22 APR 2013
... Thursday: S&P 500 down 0.7%. Excuses easy to find this time - index of US leading indicators dipped by 0.1% and Philly Fed index fell. Need I say more? Oh yes, the headlines also impressed on us all that United Health, Ebay, IBM, Bank of America and ...

May's not far away

BENJAMIN ONG  |  FRIDAY, 19 APR 2013
... important is that this one month's drop fits the yarn that the bright, sun shiny days are over. Same thing with the Philly Fed index. It fell to a reading of 1.3 in April from 2.0 in the previous month. While the reading still indicates expansion in ...

Fundamentally challenged

BENJAMIN ONG  |  FRIDAY, 22 JUN 2012
... 2,000 to 387K last week, disappointing expectations (for the seventh consecutive week) for a 380K print. The Philly Fed index showed that the contraction in the mid-Atlantic manufacturing sector deepened in June, the index dropped to minus 16.6 versus ...

Dickens on Wall Street

BENJAMIN ONG  |  MONDAY, 23 APR 2012
"It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring ...

It's all in the spin

BENJAMIN ONG  |  FRIDAY, 20 APR 2012
... mark - you know the one, the level at which the unemployment rate rises or falls - or that at a positive 8.5 the Philly Fed index remains in expansion territory. And oh, the divers so forgot to mention too that the US leading indicator increased by more ...

More of the same

BENJAMIN ONG  |  FRIDAY, 18 NOV 2011
... also down below 400K to 396,750. Improving news on the labour market. Not so good news but still positive. The Philly Fed index eased to 3.6 in November from 7.5 in the previous month indicating that manufacturing activity in the region continues to ...
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