FXstreet.com (Barcelona) - Manufacturing activity in the Philadelphia Fed area has improved in may from April, although it still remains in weak levels, manufacturers, however seem some more optimistic about the future, according to data released by the Philadelphia Fed.
The current activity index has increased to -15.6 in May from -24.9 in April, with 45% of the firms reporting no change in activity. Demand for manufactured goods has increased to -3.7 from -18.8, and the current shipments index rose to 2.2 in May from -0.8 in April. The current employment index has increased to -1.0 from -11.1.
Higher prices have been massively reported by manufacturers, referring to both, input, and their own products: 61% of the manufacturers reported higher input prices this month, compared to 55% in April.