March 2016 US Philly Fed business index 12.4 vs -1.7 exp

March 2016 US Philly Fed business outlook survey

• Prior -2.8
• New orders 15.7 vs -5.3 prior
• Employment -1.10 vs -5.00 prior
• Prices paid -0.90 vs -2.20 prior
• 6m expectations 28.80 vs 17.30 prior
• Capex 13.30 vs 2.50 prior

That's another positive manufacturing report following the Empire State manufacturing boost we saw on Tuesday. March may be a good month for the sector but one swallow, a summer doth not make.

Philly Fed index