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USA: Philly Fed index at two-year high

( - The Philadelphia Fed's diffusion index of general current activity rose by 12 points to 15.
5 in April, its third consecutive positive figure and its highest level since April 2022.

'Nearly 38% of manufacturing companies reported an increase in general activity this month, while 22% reported declines; 40% reported no change', say the surveyors.

They add that the new orders index rose by seven points in April, its second consecutive positive figure, and that the current deliveries index increased by eight points to 19.1.

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