Philadelphia Fed
- Prior month -3.7
- Philadelphia fed nonmanufacturing business activity index -8 .8 versus -3.7 in January
- Firm level business activity index 0.8 in February versus 6.8 January
- new orders -4.7 versus +1.9 in January
- employment 9.1 versus 13.9 January
- wage and benefit cost index 34.4 versus 37.9 in January
- sales or revenue 7.7 versus 7.5 last month
- unfilled orders -.5 versus 1.0 last month
- inventories 9.1% 2.4 last month
- prices paid 30.3 versus 33.8 last month
- prices received 2.0 versus 5.1 last month
- average work week -4.7 versus 8.0 last month
- capital expenditures physical plant 2.9 versus 1.1 last month
- capital expenditures equipment and software 10.7 versus 21.9 last month
A softening of the new nonmanufacturing sector with new orders, employment and price information all lower than the previous month.