USA: Philadelphia Factory Activity Rebounds in June.

The Philadelphia Fed Manufacturing Index improved to 10.3 in June 2026 from -0.4 in May, slightly above market expectations of 10, signaling a return to expansion in regional manufacturing activity. Around 32% of firms reported higher activity, compared with 22% reporting declines, while 45% saw no change. The current shipments index increased 10 points to 14.9, and the new orders index jumped 29 points to 27.3, indicating stronger demand conditions. Employment also improved, with the employment index rising 11 points to 7.9, its highest level since January, although most companies reported unchanged staffing levels. Price pressures remained elevated, with the prices paid index rising 5 points to 53.2, while the prices received index declined 6 points to 20.3, its lowest since February but still above historical averages. Firms remained optimistic, continuing to expect growth over the next six months.