Philadelphia Fed business index 6.2 vs -5.0 estimate

• Philadelphia Fed business index for August x.x vs -5.0 estimate. Last month -12.3
• six-month business conditions -10.6 vs. -18.6 last month
• employment index 24.1 vs. 19.4 last month
• prices paid index 43.6 vs 52.2 last month. Lowest since 2020
• prices received 23.3 vs 30.3 last month
• new orders index -5.10 vs -24.8 last month
• shipments 24.8 vs. 14.8 last month
• unfilled orders -1.8 vs. -10.4 last month
• delivery times 2.7 vs. -10.2 last month
• average employee workweek 6.1 vs. 6.4 last month
• six-month capital expenditures 18.0 vs. 4.4 last month

So is the Empire index wrong or the Philly Fed index?

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/inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term