Updated: 19-Apr-18 09:35 ET
|Updated: 19-Apr-18 09:35 ET
- The Philadelphia Fed Index increased from 22.3 in March to 23.2 in April (Briefing.com consensus 21.0). A number above 0.0 reflects manufacturing growth in the region.
- The Prices Paid Index (what manufacturers pay) registered its highest reading since March 2011
- The Prices Received Index (manufacturers' own prices) hit its highest level since May 2008
- The New Orders Index dropped from 35.7 to 18.4
- The Number of Employees Index rose from 25.6 to 27.1
- The diffusion index for future general business activity decreased from 47.9 to 40.7
- The key takeaway from this report is that there was a notable uptick in the Prices Paid Index (from 42.6 to 56.4), as well as the Prices Received Index (from 20.7 to 29.8), which will pique interest about budding inflation pressure.