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Philly Fed April non-manufacturing index -22.8 vs -12.8 prior

Philly Fed April non-manufacturing index -22.8 vs -12.8 prior

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Adam Button
25/04/2023 | 12:32 GMT
  • The latest service sector survey for the Philadelphia area
  • Prior was -12.8%
  • Firm-level activity -16.2 vs -0.1 prior
  • New orders -23.9 vs -15.4 prior
  • Employment +11.5 vs +3.2 prior

This is a lower-tier indicator but the softness rhymes with soft regional numbers in other surveys.

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