Global Finance News
18 Jun 2026, 14:05
Philadelphia Fed Manufacturing Index Returns to Expansion Territory in June
Manufacturing activity in the U.S. Mid-Atlantic region strengthened unexpectedly in June, offering another sign that parts of the industrial sector remain resilient despite broader economic uncertainty.
The Philadelphia Fed Manufacturing Index rose to 10.3 in June, beating economists' expectations of 9.8 and improving sharply from May's reading of -0.4. The move pushed the index back into positive territory, indicating expanding business activity across the region.
Manufacturing activity in the U.S. Mid-Atlantic region strengthened unexpectedly in June, offering another sign that parts of the industrial sector remain resilient despite broader economic uncertainty.
The Philadelphia Fed Manufacturing Index rose to 10.3 in June, beating economists' expectations of 9.8 and improving sharply from May's reading of -0.4. The move pushed the index back into positive territory, indicating expanding business activity across the region.