Philadelphia Fed nonmanufacturing activity index

  • Firm level business activity index 12.2 in June versus 28.1 in May
  • full time employment index 23.8 versus 20.5 in May
  • part-time jobs 20.2 versus 11.3 in May
  • average workweek 18.9 versus 24.9 in May
  • wages and benefits 43.6 versus 30.9 in May
  • new orders index 14.3 versus 10.6 in May
  • sales/revenues 17.0 versus 26.6 in May
  • unfilled orders 4.4 versus 1.8 in May
  • inventories 2.9 versus -3.2 in May
  • prices paid 22.3 versus 25.9 in May
  • prices received 8.8 versus 20.1 in May
  • capital expenditures for plant 19.1 versus 19.0 in May
  • capital expenditures for equipment 28.4 versus 18.8 in May

Future activity - in region 6 months from now 10.9 versus 37.8 in May

Future activity - in firm 6 months from now 26.4 versus 56.9 in May

Down on the month but seems to be a mixed report with jobs higher, workweek lower but wages moving up. New orders higher but sales/revenues lower and inventories higher. Prices paid remains high but price received is lower.