The Philadelphia Fed’s index of general business activity reported a figure of negative 24.4 in April, up from negative 35.0 March.

Among the individual components, the prices paid index was almost unchanged at negative 31.5, down from negative 31.3. The new orders index was boosted to negative 24.3 from negative 40.7. The employment index decreased to negative 44.9 from negative 52.0.

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