Signs of a rebound in Q4 activity
- New orders +14.6 vs +14.7 prior
- Wage and benefit costs +51.3 vs +42.1 prior
This is a low tier indicator that can be volatile so I would be wary of reading too much into it. We'll get some better data later today.
Philly Fed October non-manufacturing index +33.4 vs +9.6 prior
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