The January Philly Fed Non-manufacturing index 30.1 vs 31.0 in February

Down from last month

The January Philadelphia Fed nonmanufacturing index came in at 30.1 versus 31.0 in February

• nonmanufacturing firm – level business activity index 27.6 versus 32.1 last month
• new orders index 31.9 versus 16.7 in February
• manufacturing full-time employment index 22.6 versus 18.0
• wage and benefit costs index 40.9 versus 34.1

Below is a table of the details from the report.

Although lower, the diffusion index is still showing increases in the respective categories far outpacing the declines.