April Philly Fed manufacturing index highlights:
- Highest since September
- Prior was +9.0
- Employment +6.9 vs prior +1.7
- New orders +14.8 vs +5.7 prior
- Prices paid +11.3 vs +13.9 prior
- Six-month business conditions +26.6 vs +35.4 prior
Good numbers but they’re competing with worries about Ukraine. The latest headline is that Ukraine has information about possible terror attacks today or tomorrow and that’s keeping a lid on optimism.
