September 2018 Philly Fed business outlook

  • Prior was 11.9

  • Prices paid 39.5 vs 55.0 prior

  • New orders 21.4 vs 9.9 prior

  • Employment 17.6 vs 14.3 prior

This isn't quite as good as it seems. It fell to 11.9 from 25.7 in August so this rebound doesn't even take it back to Aug levels.

Here's the chart (without the latest number):