The headline Diffusion Index of the Federal Reserve Bank of Philadelphia’s Nonmanufacturing Business Outlook Survey edged lower to 15 in September from 17.2% in August. This reading came in line with market expectation. Key takeaways “The index for new orders increased from 19.0 to 25.5. Nearly 42% of the firms reported increases in new orders this month, while 16% reported decreases.” “The current shipments index increased 27 points to 36.6 in September. Over 45% of the firms reported higher shipments this month, compared with 26% last month.” “The current employment index increased 7 points to 15.7 this month.” “The survey’s future indexes suggest more widespread optimism about manufacturing activity over the next six months.” Market reaction The US Dollar Index largely ignored this report and was last seen gaining 0.15% on the day at 93.24. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY remains depressed near seven-week lows, around mid-104.00s FX Street 1 year The headline Diffusion Index of the Federal Reserve Bank of Philadelphia's Nonmanufacturing Business Outlook Survey edged lower to 15 in September from 17.2% in August. This reading came in line with market expectation. Key takeaways "The index for new orders increased from 19.0 to 25.5. Nearly 42% of the firms reported increases in new orders this month, while 16% reported decreases." "The current shipments index increased 27 points to 36.6 in September. Over 45% of the firms reported higher shipments this month, compared with 26% last month." "The current employment index increased 7 points to 15.7 this month." "The survey’s future indexes suggest more widespread… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
