Big rise for the month..
The Philadelphia Fed Non Mfg. index for May came in much higher than last month at 45.3 vs 27.6 in April.
- Non Mfg Firm level business activity 39.5 vs 26.0 last month. Higher.
- New orders 36.2 vs 12.5 last month. Higher.
- Full time employment 7.7 vs 15.8 last month. Lower.
- Wages and benefits 46.4 vs 28.3 last month. Higher.
- Sales/revenues 33.7 vs 13.5 last month. Higher.
- Unfilled orders 6.2 vs 8.0 last month. Lower.
- Inventories 8.2 vs 0.1 last month. Higher.
- Prices Paid 33.8 vs 26.0 last month. Higher
- Prices received 22.6 vs 12.1 last month. Higher
- Part time jobs 11.4 vs 8.7 last month. Higher
- Avg Workwee 26.8 vs 13.1 last month. Higher
- Cap Ex, Plant 18.2 vs 20.5 last month. Lower
- Cap Ex, Equip 35.8 vs 27.7 last month. Higher.
10 higher and 3 lower for the month. Good report.
