Philly Fed business outlook survey for Sept 2017
- Prior was +23.8
Details:
- Prices paid 38.1 vs 34.4 prior
- New orders 19.6 vs 29.5 prior
- Shipments 24.4 vs 29.4 prior
- Number of employees 30.6 vs 6.6 prior
- Prices received 14.2 vs 22.8 prior
- Unfilled orders 10.9 vs 17.0 prior
- Inventories +6.0 vs -1.4 prior
- Avg. Workweek 19.4 vs 11.9 prior
Like a bolt of lightning, the employment component hit an all-time high in September. The thing is, when it rises 24 points in a month, you have to think it's some kind of aberration, not the trend.
