Philly Fed enterprise index

Prior -10.5
Employment -1.8 vs -1.7 prior
New orders -17.9 vs -25.6 prior
Costs paid +11.3 vs +25.1 prior
Costs obtained +6.3 vs +13.6 final month
Shipments -6.2 vs -10.8 final month
Unfilled orders -18.5 vs -7.9 final month
Supply occasions -27.6 vs -16.8 final month
Inventories -14.6 vs -4.2 final month
Avg worker workweek -0.9 vs -5.0 final month

For the 6-month index:

Six month index -4.0 vs +12.1 final month
Employment: +1.1 vs 1.4 final month
New orders: +9.7 vs 20.2 final month
Shipments: +5.5 vs 21.5 final month
Costs paid: +34.4 vs 19.9 final month
Costs obtained: +20.7 vs 28.6 final month

That is barely beneath anticipated however it ought to give the market a sigh of aid after a dreadful Empire Fed survey on Monday. The drop within the costs paid part can also be signal on inflation, although the longer term costs paid index rose. There’s some weakening right here however there isn’t any cliff.

This text was written by Adam Button at www.forexlive.com.