A report released by the Federal Reserve Bank of Philadelphia on Thursday showed an unexpected acceleration in the pace of growth in regional manufacturing activity in the month of March.
The Philly Fed said its diffusion index for current activity jumped to 27.4 in March from 16.0 in February, with a positive reading indicating growth in regional manufacturing activity. The increase surprised economists, who had expected the index to edge down to 15.0.
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April 10, 2026 16:21 ET Inflation data from the U.S. was the main data event this week as the conflict in the Middle East continue. The minutes of the latest Fed policy session and the survey data on the services sector also made headlines. In Europe, manufacturing orders data from Germany was in focus. Price data from China drew attention in Asia.