21st July: Philadelphia Fed reports accelerated regional manufacturing growth in July, with diffusion index rising to 13.9.

The Federal Reserve Bank of Philadelphia released a report on 21st July, showing a notable reacceleration in regional manufacturing growth in July, with the diffusion index for current general activity rising from 1.3 in June to 13.9. Economists had expected the index to rise to 2.9. The Philly Fed's report indicated most future activity indicators also increased, suggesting more widespread expectations for overall growth over the next six months.

July 18, 2024
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