US DATA: Sept Philly Fed text: “regional manufacturing activity was
nearly flat in September. For the second consecutive month, firms
reported a decline in both new orders and shipments. Employment levels
remained steady this month, but firms reported declines in average work
hours. The survey’s broad indicators of future activity continue to
suggest that the region’s manufacturing executives expect growth in
business over the next six months, but optimism remains below levels
earlier in the year.” New orders -8.1 vs -7.1. Prices paid 9.8.