Philly Fed business outlook

  • Lowest since Nov 2016
  • Prior was 27.6
  • Capex 42.0 vs 28.6 prior
  • Employment 10.9 vs 16.1 prior
  • Prices paid 19.1 vs 23.6 prior
  • New orders 2.1 vs 25.9

That 'new orders' number is terrible.