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Philadelphia Fed's Manufacturing Index Jumps 31.1 Points to 41.4 on July 16, Highest Since April 2021

2026-07-16 19:58:00

According to the Federal Reserve Bank of Philadelphia, the region's manufacturing activity index surged 31.1 points to 41.4 in July (July 16 local time), significantly exceeding market expectations of 13.0 and marking the highest level since April 2021. The monthly jump ranks as the largest increase since January 2025, when the Trump administration took office. The index has remained above the zero expansion threshold for two consecutive months. Key sub-indices also improved, with new orders rising to 37.0 and employment index climbing to 10.0.

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