Last month 2.0.
The Philadelphia Fed Index for the month of September came in at 12.8 vs 1.0 estimate.
Employment: -5.3 vs -20 last
New Orders: 1.4 vs -7.2 last
Prices Paid 20.6 vs 19.7 last
Prices received 9.7 vs 7.1
Capex Index 8.6 vs 19.2 last
6-month index 8.6 vs 19.2 last
Shipments -8.8 vs 8.4 last
Unfilled orders: -10.8 vs -15.0
Delivery time: -9.3 vs -3.8
Inventories -26.2 vs -9.2 last
Average workweek -11.7 vs -11.5
This is the highest since Feb of 2015.
The gains in employment remains still negative but increased markedly. New orders moved to positive.
Employment, Shipments, Unfilled orders, Delivery times, Inventories and average workweek are still all negative. Capex index fell in the current month. Why the big jump?
