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21.05.202612:30:00UTC+00U.S. Philly Fed CAPEX Index Slips in May, Signaling Softer Investment Momentum

The Philadelphia Federal Reserve’s CAPEX Index for the United States eased in May, suggesting a moderation in capital expenditure plans among surveyed firms. The indicator declined to 30.90 in May 2026 from 35.20 in April 2026.

While the index remains firmly in positive territory—indicating that overall investment intentions are still expanding—the pullback points to a softer pace of planned spending compared with the previous month. The updated data, released on 21 May 2026, will be watched by investors and policymakers as a near-term signal of business confidence and the appetite for longer-term investment outlays in the regional manufacturing sector.

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