Philly Fed February business index +5.2 vs -8.0 expected
Thursday, 15 February 2024, 13:31
Philly Fed business index
- Prior was -10.6
- Employment:-10.3 vs -1.8 prior
- New orders: -5.2 vs -17.9 prior
- Prices paid: +16.6 vs +11.3 prior
- Prices received: +6.2 vs +6.3 prior
- Shipments: +10.7 vs -6.2 prior
- Unfilled orders: -11.7 vs -18.5 prior
- Delivery times: -21.1 vs -27.6 prior
- Inventories: -2.8 vs -14.6 prior
- Avg employee workweek: +1.4 vs -0.9 prior
Look-ahead indexes:
- Six month index: +7.2 vs -4.0 prior
- Employment: +4.9 vs +1.1 prior
- New orders: +24.2 vs +9.7 prior
- Shipments: +26.7 vs +5.5 prior
- Prices paid: +41.4 vs +34.4 prior
- Prices received: +29.9 vs +20.7 prior
This is a healthy report, if not a hot one. The rise in pricing metrics is bordering on worrisome but despite the increases, these are still below long-run averages. The special questions in the report highlight improvement on inflation expectations as well.
This article was written by Adam Button at www.forexlive.com.This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.