Philadelphia Fed nonmanufacturing business activity index -16.6 versus -16.0 in May

• Prior month -16.0
• Firm level business activity index -7.5 in June versus -9.5 in May
• New orders index -16.2 versus a 2.7 in May
• Full-time employment index -14.3 versus 14.9 in May. Big shift in the employment component.
• Part-time employment -8.8 versus -1.3 last month
• Average work week -20.4 versus 5.6 last month
• Wage and benefit cost index 22.2 versus 35.3 in May
• Average work week -20.4 versus 5.6 last month
• Unfilled orders -1.3 versus 1.8 last month
• Inventories -7.1 versus -3.9 last month
• Capital expenditures for plant 4.5 versus 9.6 last month.
• Capital expenditures for equipment 8.6 versus 22.2 last month
• Sales/revenues -10.6 versus 9.3 last month

The Summary from the Philadelphia Fed:

Responses to this month’s Nonmanufacturing Business Outlook Survey suggest weak nonmanufacturing activity in the region. The indicator for firm-level general activity remained negative, and the new orders and sales/revenues indexes returned to negative territory. The full-time and part-time employment indexes suggest overall decreases in employment. Both price indexes decreased, with the prices received index falling into negative territory. Overall, the responding firms expect growth over the next six months at their own firms.

Looking at the price indices Indices Stock market indices represents an index that measures a particular stock market or a segment of the stock market. These instruments are important investors as they help compare current price levels with past prices to calculate market performance.The main two parameters for indices are that they are both investable and transparent. For example, investors can invest in a stock market index by buying an index fund, which is structured as either a mutual fund or an exchange-traded fund, and track Stock market indices represents an index that measures a particular stock market or a segment of the stock market. These instruments are important investors as they help compare current price levels with past prices to calculate market performance.The main two parameters for indices are that they are both investable and transparent. For example, investors can invest in a stock market index by buying an index fund, which is structured as either a mutual fund or an exchange-traded fund, and track Read this Term chart below, the prices paid and prices received are falling sharply which is good news for inflation. The employment decline is also good news for inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term, but the Fed still wants to see more from the service side of the other main inflation releases before they accept success in slaying inflation.

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