12:30 PM GMT, United States - Philadelphia Fed Manufacturing Index for March:
- actual 3.2; forecast -2.6; previous 5.2;
- Prices: actual 3.70; previous 16.60;
- New Orders: actual 5.4; previous -5.2;
- Employment: actual -9.6; previous -10.3;
12:30 PM GMT, United States - Employment Data:
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile app- Continuing Jobless Claims: actual 1,807K; previous 1,803K;
- Jobless Claims 4-Week Avg.: actual 211.25K; previous 208.75K;
- Initial Jobless Claims: actual 210K; forecast 212K; previous 212K;
The March 2024 Manufacturing Business Outlook Survey, collected from March 11 to March 18, indicates that manufacturing activity in the region is continuing to expand, albeit at a somewhat muted pace compared to long-run averages. The survey revealed a slight decrease in the general activity index, but it remains positive, indicating ongoing growth. New orders have turned positive for the first time since October, and shipments are seeing a modest increase, reaching their highest level since August 2022. However, the employment index persists in negative territory, suggesting a continued decline in employment levels, with a larger proportion of firms reporting decreases in employment compared to those reporting increases. Additionally, both price indexes have declined and are sitting below their historical averages. The future activity indicators have risen, pointing to a more widespread expectation of growth over the next six months.
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
