USA: Philly Fed index down slightly in June
The Philly Fed index fell by three points to +1.3 this month, as a figure above zero indicates growth in manufacturing activity in the region.
The report - considered one of the first leading indicators of the health of the US manufacturing sector - shows the new orders sub-index still negative, but improving from -7.9 in May to -2.2 in June.
The employment sub-index fell from -7.5 to -2.5, while the prices paid sub-index rose by four points to 22.5.
According to the survey, more than 32% of companies surveyed said they expected business to increase over the next six months, 19% a decline and 47% stable.
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