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Philly Fed Manufacturing Index rebounded in August

Thursday, Aug 20 2015

Philly Fed Manufacturing Index increased from 5.7 in July to 8.3 in August. Smaller incline to 6.9 was anticipated. This index has hovered in a low range since the beginning of the current year, far below the highs of late 2014. The demand for manufactured goods, as measured by the survey’s current new orders index, remains low as well, falling slightly more than 1 point to 5.8 in August. However, the current shipments index rebounded 12 points to 16.7.

Separate report on Existing Home Sales also beat market predictions on a rate of 5.45 million. Report showed that sales increased 2.0% to a seasonally adjusted annual rate of 5.59 million in July from a downwardly revised 5.48 million in June. Sales in July remained at the highest pace since February 2007 (5.79 million), have now increased year-over-year for ten consecutive months and are 10.3 percent above a year ago (5.07 million).

 

Despite the figures USD fell against its major rivals. Euro is currently being traded near 1.12 handle, Sterling is few points above 1.5650 level, while Aussie is at 0.7340 area.

More in this category: « Unemployment Claims rose for a fourth week in a row China's Manufacturing PMI at a lowest level since March 2009 »

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