Philly Fed September non-manufacturing index -16.6 vs -13.1 prior

  • September Philly Fed services index
  • Prior was -13.1
  • Firm-level business activity -5.5 vs -0.5 prior
  • New orders -9.2 vs -16.0 prior
  • Full-time employment +6.4 vs +8.1 prior
  • Wage and benefit cost index 40.3 vs 33.7 prior

This is a mixed bag with the headline worsening but new orders improving.

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