US | Philadelphia Fed Business Outlook – September 2020

The third consecutive monthly decline of the Philly Fed manufacturing index in September signals regional activity is gradually falling in line with the slower pace of underlying economic expansion as the virus threat lingers and the boost from fiscal relief and reopening start to dissipate. Encouragingly, manufacturers became even more optimistic about the road ahead.

What you will learn:

  • Current activity fell 2 points to 15.0 in September, while the expectations index jumped 18 points to 56.6.
  • Manufacturing overall has recovered faster than
    certain services industries, but this doesn’t mean the sector is inoculated from risks tied to the ongoing pandemic. 

Topics: United States, Manufacturing, Fiscal stimulus, Coronavirus, US economy, Heavy Industry, North America

Philadelphia Fed Business Outlook – September 2020 - iPad