• Prior 15.4
  • Employment 11.9 vs 7.8 prior
  • New orders 16.8 vs 10.5 prior
  • Capex 31.0 vs 24.4 prior
  • Prices paid 35.0 vs 23.0 prior
  • 6 month expectations 52.0 vs 37.4 prior

There’s good gains in all components particularly sentiment which was up 16.6 points. The rise in input prices add to the inflation story with over 36% of firms reporting higher input costs compared to 25% last month.

US Philly Fed survey 19 06 2014

US Philly Fed survey 19 06 2014

USD/JPY taking no notice as it hovers around 101.80