RSS Philly Fed Index Skyrockets Into Positive Territory In January

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 RSS Philly Fed Index Skyrockets Into Positive Territory In January

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The Federal Reserve Bank of Philadelphia published a report on Thursday detailing a significant improvement in regional manufacturing activity for January. According to the Philly Fed, their diffusion index for current general activity surged to a positive 44.3 in January, up from a negative 10.9 in December—a positive reading signals expansion. Economists had anticipated the index would rise to a negative 5.0.

Looking forward, the Philly Fed noted that the diffusion index for future general activity increased to 46.3 in January from 33.8 in December, indicating a broader expectation of growth over the next six months.

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