Philadelphia Fed Reports Continued Manufacturing Weakness in June 2025

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The Federal Reserve Bank of Philadelphia’s Manufacturing Business Outlook Survey for June 2025 showed that manufacturing activity in the region remained weak.

The diffusion index for current general activity held steady at -4.0, according to Manufacturing Business Outlook Survey.

Employment declined overall, with the employment index falling from 16.5 to -9.8, its lowest level since May 2020.

The prices paid index for the month of June dropped 18 points to 41.4, the lowest since February. The Current prices received decreased by 14 points to 29.5.

The indicator for current activity remained negative. The new orders and shipments indexes were positive but low.

Firms reported overall employment decreases and continued price increases, although both price indexes showed signs of moderation.