Estados Unidos Philadelphia Fed Index Manufacturing

The Philadelphia Fed Manufacturing Index tumbled 39 points to -26.4 in April 2025, down sharply from 12.5 in March and far below market expectations of 2. The latest reading pointed to a renewed contraction in regional manufacturing activity, and to the greatest extent since April 2023. About 39% of firms reported lower activity in April, 13% saw increases, and 41% reported no change. The survey’s new orders index dropped sharply from 8.7 in March to -34.2 in April, marking its lowest level since April 2020. Meanwhile, the shipments index declined by 11 points to -9.1. The employment index registered a near-zero reading at 0.2, suggesting steady employment conditions. Both price indexes continued to indicate overall price increases. The future activity indicators continued to suggest subdued expectations for growth over the next six months.