The Philadelphia Fed Manufacturing Index signaled growth by rising to 1.7 in September.

◻️The Philadelphia Fed Manufacturing Index in the US rose to 1.7 in September, indicating that the sector is growing.

◼️According to data released by the Fed's Philadelphia Branch; The index rose from -7 to 1.7. The market expectation was for the index to take a value of minus 0.8.

◻️The new orders index fell to -1.5, and the shipment index fell to -14.3, reaching its lowest level since March 2023. The employment index rose from -5.7 to 10.7.

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