January 2017 US Philly Fed non-manufacturing index 37.7 vs 19.5 prior

January 2017 US Philly Fed non-manufacturing 24 January 2017

• Firm level activity 33.3 vs 26.1 prior

• New orders 28.9 vs 20.2 prior

• Employment 19.5 vs 16.7 prior

• Wages and benefits cost 40.8 vs 32.8 prior

Not a big one for the market, so much so it doesn't even appear on most calendars.