• Prior 40.8
  • New orders 15.70 vs 35.70 prior
  • Employment 7.20 vs 22.40 prior
  • Prices paid 14.00vs 17.30 prior
  • Capex 21.70 vs 23.00 prior
  • 6 month expectations 51.90 vs 57.70 prior

That makes last month a one off and the dollar is ignoring the numbers. That’s 3 for 3 in poor numbers since the Empire State

US Philly Fed business survey 18 12 2014

US Philly Fed business survey 18 12 2014