New data Philly Fed Business Conditions (Dec)
12/19/2024
actual 30.7, previous 56.6
The Philly Fed Business Conditions report for December is a survey-based indicator that measures business conditions in the Philadelphia area. A reading of 30.7 indicates a positive business sentiment, but it is lower than the previous reading of 56.6, showing a significant decrease of 25.9 points. This decline of 45.76% suggests a notable shift in business conditions from the previous period. The impact of this event on the market is considered low, but it still provides valuable insights into the economic health of the region and can influence market sentiment towards the US economy and the USD currency.This is not investment advice. Remember to verify the information provided here.
Get access to the full analysis
- Over 35 000 indexes
- CFD, Forex, Crypto and Stocks Exchange
- Over 150 Indicators
- Pattern and candle analysis
- Support and resistance levels
- Fundamental, technical and sentimental analysis
- Power from AI
