December 2018 Philly Fed
Lowest since Aug 2016
Prior was +12.9
Capex 35.7 vs 36.1 prior
Employment 18.3 vs 16.3 prior
Prices paid 38.0 vs 39.3 prior
New orders 14.5 vs 9.1 prior
The index on new orders is a bright spot in an otherwise disappointing report.