US | Philadelphia Fed Business Outlook – August 2020

This was echoed by the Philly Fed manufacturing index, which fell 6.9 points to 17.2 in August. While manufacturers remain upbeat about the outlook going forward, any sustainable improvement in activity depends on containing the health crisis.

What you will learn:

  • The monthly drop of the Philly Fed manufacturing index in August indicates that the underlying pace of manufacturing activity is weaker compared to the initial burst spurred by re-openings.
  • Manufacturing is at risk of a lackluster and uneven pace of recovery in the coming months against a grim backdrop of weak demand, supply chain disruptions and high uncertainty.

Topics: United States, Manufacturing, Coronavirus, Heavy Industry, North America

Philadelphia Fed Business Outlook - August 2020 - iPad