Philadelphia Fed business outlook index for the month of August 2019
- Philadelphia Fed business outlook for August
- Prior month 21.8
- new orders 25.8 versus 18.9 last
- futures index 32.6 versus 38.0 last
- prices paid index 12.8 versus 16.1 last
- employment index 3.6 versus 30.0 last
- prices received 13.0 versus 9.5 last
- shipments 19.0 versus 24.9 last
- unfilled orders 9.1 versus 3.7 last
- delivery time 9.3 versus 15.0 last
- inventories 8.7 versus 8.1 last
Employment took a big dip lower from 30.0 last month (was up from 15.4 from the month before so due for a move lower). The average over 6 months is 15.3.
On the positive side, new orders wer up 25.8 vs 13.6 six month average. May be pre-buying for future tariffs. Inventories ar 8.7 vs 6.0 six month average.
The activity index at 16.8 is higher than the six month average of 13.0.
