Latest non-manufacturing report from the Philly Fed

  • Firm level activity 25.6 vs 21.4 prior
  • New orders 14.6 vs 14.5 prior
  • Employment 11.1 vs 12.8 prior
  • Wages and benefit costs 34.3 vs 32.6 prior

Not a market shaker but one to note in the grand scheme of things.