The Philly Fed Business Outlook Survey: May 2013

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 |  Includes: FXR, IYJ, PRN, VIS, XLI
by: Sold At The Top

The March release of the Federal Reserve Bank of Philadelphia's Business Outlook Survey indicated a slight worsening of the regions manufacturing activity. The current activity index fell to a weak level of -5.2, while assessments the future activity improved to a level of 32.3.

The following chart shows the current and future activity indexes, both with their corresponding three-month moving averages. The red line marks the threshold between contraction and expansion for these diffusion indexes.