Author: Amna Faryad

"Philadelphia Sector Decrease"
News

Philadelphia’s Nonmanufacturing Sector Sees Significant Decrease

The Philadelphia Fed nonmanufacturing business index recently reported a significant decrease, coming in at -8.8 in February from -3.7 in the previous month. This decline in the non-manufacturing sector indicates serious changes that warrant a deeper investigation.

Data revealed that new orders, sales, business activity, and employment have experienced a downturn. This further emphasizes the …