Philly Fed Manufacturing Index Falls to -0.4 in May, Misses 17.8 Forecast

businessmacroeconomics 3 posts · 3 accounts

The Philadelphia Fed's manufacturing index fell to -0.4 in May from 26.7 in the previous month, missing the 17.8 estimate and moving from positive to negative territory.

From the sources (3 posts)

@zerohedge

Philly Fed Business Outlook -0.4, Exp. 17.8, Last 26.7

@firstsquawk

US PHILADELPHIA FED MANUFACTURING INDEX (MAY) ACTUAL: -0.4 VS 26.7 PREVIOUS; EST 17.8

@financialjuice

US Philly Fed Business Index Actual -0.4 (Forecast 17.8, Previous 26.7)

Kerrisdale Capital Shorts Everspin After Memory-Chip Maker’s Stock Surges 300% Canadian Dollar Hits Five-Week Low as April CPI Clips Rate-Hike Bets