In January, the Philadelphia Federal Reserve's manufacturing index in the United States reached a new high since April 2021, with the monthly increase being the largest in over four years
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On Thursday, the Philadelphia Fed Manufacturing Index for January was 44.3, reaching a new high since April 2021, far exceeding the expected -5. The previous value for December was revised from -16.4 to -10.9. The month-on-month increase in the Philadelphia Fed Manufacturing Index for January was the largest in four and a half years since June 2020, when factories began to reopen after the COVID-19 shutdown. The latest data suggests that the long-term slump in the U.S. manufacturing sector may be coming to an end
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