Home / Forex News / Philly Fed Index Unexpectedly Indicates Significantly Faster Growth In October

Philly Fed Index Unexpectedly Indicates Significantly Faster Growth In October

A report released by the Federal Reserve Bank of Philadelphia on Thursday showed a significant acceleration in the pace of growth in regional manufacturing activity in the month of October. The Philly Fed said its diffusion index for current activity jumped to 32.3 in October from 15.0 in September.
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