February 2017 US Philly Fed business outlook index 43.3 vs 18.0 exp
Details of the February 2017 US Philly Fed business outlook index report 16 February 2017
- Prior 23.6
- New orders 38.0 vs 26.0 prior
- Employment 11.1 vs 12.8 prior
- Prices paid 29.9 vs 32.5 prior
- Capex 22.1 vs 21.9 prior
- 6m expectations 53.5 vs 56.6 prior
Wow, a big beat. Perhaps not totally unexpected after the Empire data yesterday. The only parts that let really the side down are prices paid and employment.
That's the highest level for the index since 1984.
Philly Fed manufacturing business index