Philly Fed
  • Prior was 23.2
  • Employment 32.3 vs 26.1 prior
  • New orders 14.2 vs 17.9 prior
  • Prices paid 69.3 vs 72.5 prior
  • Capex 21.5 vs 26.2 prior
  • 6-month index 28.1 vs 28.7 prior

The slight moderation of prices paid from an extremely high level is a window of hope for team transitory. Otherwise, the report continues to show a very good operating environment for manufacturing.