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Philly Fed non-manufacturing index -3.7 vs +0.1 prior

Philly Fed non-manufacturing index -3.7 vs +0.1 prior

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By Adam Button
23/08/2022 | 12:27 GMT
  • Survey data from the Philly Fed
  • Prior was +0.1
  • Firm-level activity -0.1 vs +11.7 prior
  • New orders -5.9 vs +3.9 prior
  • Employment +17.2 vs +14.3 prior
  • Wage and benefit cost index +51.6 vs +51.3 prior

That's not a great sign but it's a low tier indicator.

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