A report released by the Federal Reserve Bank of Philadelphia on Thursday showed regional manufacturing activity expanded overall in the month of February.
The Philly Fed said its diffusion index for current general activity climbed to 16.3 in February from 12.6 in January, with a positive reading indicating growth. Economists had expected the index to decrease to 7.7.
With the unexpected increase, the Philly Fed index reached its highest level since hitting 19.5 in September 2025.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.