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?
