The September Philly Fed report highlights:
- Prior was 28.0
- Employment 21.2 vs 9.1 prior
- New orders 15.5 vs 14.7 prior
- Prices paid 27.0 vs 24.9 prior
- Future index at 56.0 vs 66.4 prior
The economists did a good job of forecasting the slight pullback after six months of nearly-non-stop gains.
Philly Fed August 2014 chart
The employment sub-index was the real bright spot in the report — it’s the highest since May 2011.
