Philly Fed non-manufacturing 44.3 vs 39.1 prior

Philly Fed regional business activity

• Firm level business activity 35.5 vs 40.7

• new orders 31.5 vs 35.5 prior

• Full-time employment 29.5 vs 19.9 prior

• Wage and benefit cost index 47.5 vs 51.1 prior

This is a low tier indicator but it's a solid reading.