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March 2017 US Philly Fed non-manufacturing activity index 35.4 vs 29.3 prior

March 2017 US Philly Fed non-manufacturing activity index 35.4 vs 29.3 prior

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Ryan Littlestone
21/03/2017 | 12:36 GMT

March 2017 US Philly Fed non-manufacturing activity index 21 March 2017

  • Firm level activity 32.5 vs 38.0 prior

  • New orders 22.6 vs 25.3 prior

  • Employment 17.2 vs 12.4 prior

  • Wages and benefits costs 22.3 vs 26.7 prior

Keeping to the positive theme in the US though that's wages & benefits number is moving the wrong way. This indicator is not a big one, hence they don't advertise its release. Keeps us on our toes doesn't it?

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