Philadelphia Fed nonmanufacturing business activity index 27.5 versus 38.1

Philadelphia Fed nonmanufacturing business activity index fell to 27.5 in April versus 30.1 in March

• nonmanufacturing regional business activity index up 29.3 versus 32.4 last month
• new orders index 13.6 versus 31.0 last month
• full-time employment index 14.3 versus 23.3 last month
• wage and benefit costs index 59.1 versus 55.7 last month
• unfilled orders 12.5 versus 7.2 last month
• inventories -2.1 versus -4.4 last month
• prices paid 68.7 versus 65.7 last month. Inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term pressures remained elevated

• prices received 34.6 versus 36.2 last month
• full-time jobs 14.9 versus 23.3 last month
• average workweek 17.9 versus 19.7 last month
• capital expenditures for plant 22.4 versus 26.6 last month
• capital expenditures for equipment 31.4 versus 36.3 last month

Gauges of future activity six month from now

• Future activity index in the region 34.4 versus 38.7 last month
• future activity in firm's 45.1 versus 47.7 last month

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