Philly
Philly Fed business index
  • Prior -5.9
  • Business Index for December -10.5x vs -3.0 est.
  • Employment -1.70 vs +0.80 last month
  • New orders -25.60 vs 1.30 last month
  • Prices paid 25.10 vs 14.80
  • Prices received 13.6 vs 14.8 last month
  • Shipments -10.8 vs -17.9 last month
  • Unfilled orders -7.9 vs -9.8 last month
  • Delivery times -16.8 vs -8.7 last month
  • Inventories -4.2 vs -3.1 last month
  • Avg employee workweek -5.0 vs -11.4 last month

The 6-month index rose to 12.10 vs -2.10 last month:

  • Employment 1.4 vs 4.3 last month
  • New orders 20.2 vs 11.3 last month
  • Shipments 21.5 vs 16.3 last month
  • Prices paid 19.9 vs 37.9 last month
  • Prices received 28.6 vs 34.5 last month

The data surprising with employment reversing to negative. New orders plunged while prices took a pretty substantial move higher.

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