Philly Fed
  • Prior was -8.9
  • New orders -28.2 vs - 13.6 prior
  • Employment -10.3 vs +5.1 prior
  • Avg workweek -3.2 vs -2.1 prior
  • Capex -3.8 vs +7.5 prior
  • Prices paid +23.5 vs +26.5 prior -- lowest since Aug 2020
  • Future activity -8.0 vs +1.7 prior
  • Delivery times -24.3vs -13.6 prior
  • Unfilled orders -21.3 vs -17.0 prior

This is a soft reading and comes on the heels of yesterday's soft Empire Fed.