• Prior 22.5
  • Employment 12.1 vs 21.20 prior
  • New orders 17.3 vs 15.50 prior
  • Capex 18.9 vs 23.70 prior
  • Prices paid 27.6 vs 27.0 prior
  • 6 month expectations 54.5 vs 56.0 prior

Confirms the fall from last month but a touch better than expected. Employment takes a hit as do investment intentions but new orders up offsets some of that.

Looks like some of the lead from the Empire report is showing up here as well.

US Philly Fed business index 16 10 2014

US Philly Fed business index 16 10 2014