Widget Image
Follow PPD Social Media
Friday, November 22, 2024
HomeNewsEconomyManufacturing Business Outlook Survey Contracts in July

Manufacturing Business Outlook Survey Contracts in July

mid-atlantic-manufacturing-aluminium-raw-materials-reuters
mid-atlantic-manufacturing-aluminium-raw-materials-reuters

A worker in the mid-Atlantic manufacturing sector works with raw aluminum materials. (PHOTO: REUTERS)

The Manufacturing Business Outlook Survey, the Philadelphia Federal Reserve’s gauge of factory activity in the Mid-Atlantic region contracted to negative 2.9 in July from a weak positive reading of 4.7 the month prior.

The median forecast on Wall Street called for a reading of 5.00. A reading above zero indicates expansion.

Manufacturing Business Outlook Survey (Source:  Philadelphia Federal Reserve Bank)

Manufacturing Business Outlook Survey (Source: Philadelphia Federal Reserve Bank)

Written by

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

No comments

leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

People's Pundit Daily
You have %%pigeonMeterAvailable%% free %%pigeonCopyPage%% remaining this month. Get unlimited access and support reader-funded, independent data journalism.

Start a 14-day free trial now. Pay later!

Start Trial