Philly Fed non-manufacturing index -12.3 vs -17.5 prior

  • Highlights of the Philly Fed non-manufacturing survey
Philly fed
  • Prior was -17.3
  • General business activity +5.8 vs +24.6 prior
  • New orders +0.5 vs +21.5 prior
  • Employment full time +9.4 vs -3.8 prior
  • Prices paid +38.8 vs +43.2 prior
  • Capex +0.2 vs +10.2 prior
  • Six month index -8.4 vs +1.3 prior

The details of this report are all over the place so it's tough to take a signal but in a special question, 60% of firms reported better sales in Q3 than Q2 with 25% reporting a decrease.

Phlly fed nonmanufacturing

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