Philadelphia Fed business outlook for August 16.8 versus 9.5 estimate

Author: Greg Michalowski | Category: News

Philadelphia Fed business outlook index for the month of August 2019

Philadelphia Fed business outlook _index for the month of August 2019
  • Philadelphia Fed business outlook for August
  • Prior month 21.8 
  • new orders 25.8 versus 18.9 last
  • futures index 32.6 versus 38.0 last
  • prices paid index 12.8 versus 16.1 last
  • employment index 3.6 versus 30.0 last
  • prices received 13.0 versus 9.5 last
  • shipments 19.0 versus 24.9 last
  • unfilled orders 9.1 versus 3.7 last
  • delivery time 9.3 versus 15.0 last
  • inventories 8.7 versus 8.1 last
Employment took a big dip lower from 30.0 last month (was up from 15.4 from the month before so due for a move lower).   The average over 6 months is 15.3.  

On the positive side, new orders wer up 25.8 vs 13.6 six month average.  May be pre-buying for future tariffs.  Inventories ar 8.7 vs 6.0 six month average.  

The activity index at 16.8 is higher than the six month average of 13.0.  
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