January manufacturing PMI for the Philadelphia area

  • Prior was 27.9
  • New orders 10.1 vs 28.2 prior
  • Prices paid 32.9 vs 27.8 prior
  • Employment 16.8 vs 19.7 prior
  • Prices received 25.1 vs 12.6 prior

Solid report but the dip in new orders is a bit concerning. The rise in prices paid/received is something that's appearing more and more in surveys.