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Philly Fed Manufacturing Index fell in March

Thursday, Mar 19 2015
Philly Fed Manufacturing Index came to 5.0 in March, and was virtually unchanged from its reading of 5.2 in February, missing predictions on  increase to 7.2. The demand for manufactured goods, as measured by the current new orders index, remained at a very low, albeit positive, reading of 3.9 and edged 2 points lower than in February. 
 
The current shipments index fell more dramatically (16 points) and returned the index to negative territory (its second negative reading in three months). Firms reported faster delivery times and a decrease in unfilled orders this month compared with February. 
 
After the data USD edged down few points. Euro is currently being traded around 1.0680 area, Sterling is few points above 1.4760 level, while Aussie is slightly below 0.7650 area. Later today, Philly Fed Manufacturing Index figures are scheduled for a release.
 
More in this category: « Unemployment Claims increased less than expected Eurozone Current Account surplus at €29.4 billion »

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