États-Unis Philadelphie Indice Manufacturier De La Fed

The Philadelphia Fed Manufacturing Index in the US decreased to 12.5 in March 2025 from 18.1 in February, but above market expectations of 8.5. 31% of firms reported increases in general activity (down from 41%), while 18% reported decreases (down from 23%), and 47% saw no change (up from 35%). The new orders (down 13 points to 8.7) and shipments indexes (down 24 points to 2) fell sharply but remained positive. The employment index increased to 19.7, its highest since October 2022. Meanwhile, prices paid rose to 48.3, the most since July 2022. Looking ahead, future general activity and new orders indexes both fell significantly, indicating lower expectations for growth in the next six months. Despite this, firms continue to expect higher employment, though at a slower rate.