Manufacturing activity in the Philadelphia region continued to expand in the month of March, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday.
The Philly Fed said its diffusion index for current general activity rose to 18.1 in March from 16.3 in February, with a positive reading indicating growth. Economists had expected the index to pull back to 10.0.
The index increased for the third consecutive month, climbing to its highest level since hitting 19.5 last September.
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Forex News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.