The decline was driven by lower new orders and shipments, and a reduction in the average workweek that weakened employment numbers. While the prices manufacturers paid for materials eased, the prices they received for their finished goods rose.
Tuesday, October 20, 2026
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Philly Fed Manufacturing Index Falls to 20.9 From September 37.8
US Markets6 days ago
Regional manufacturing activity in the Philadelphia area missed the forecasted 28 in October. The Philadelphia Fed reported its business index fell to 20.9, trailing the 37.8 reading from September, though the positive figure indicates the sector remains in expansion territory.
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