Non-manufacturing activity from the Philly Fed for August 2015

  • New orders 10.3 vs -5.3 prior
  • Wages 23.1 vs 24.3 prior
  • Full time employment index 15.4 vs 5.4 prior
  • Firm level business activity 7.7 vs 2.7 prior

Some encouraging data from the non-manufacturing side of the economy. The full time employment numbers will be welcomed by the Fed