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16 Mar 2023
US: Philadelphia Fed Manufacturing Index improves marginally to -23.2 in March vs. -14.5 expected
- Philly Fed Manufacturing Index rises marginally to -23.3 against expectations of -14.5.
- US Dollar remains steady after US economic numbers, ahead of ECB.
The Federal Reserve Bank of Philadelphia's Manufacturing Business Outlook Survey's diffusion index for current general activity improved in March to -23.2 from -24.3 in February, a reading worse than -14.5 of market consensus.