Philly Fed
Philly Fed business index

Prior was +12.5

Details:

  • 6 month index: 6.9 vs 5.6 last month
  • Capex index 6-month forward: 2.0 vs 13.4 last month
  • Employment: 0.2 vs 19.7 last month
  • Prices paid: 51.0 vs 48.3 last month
  • New orders: -34.2 vs 8.7 last month
  • Shipments: -9.1 vs 2.0 last month
  • Unfilled orders: -1.1 vs 0.6 last month
  • Delivery time: -2.6 vs 4.1 last month
  • Inventories: -0.9 vs -5.7 last month
  • Average workweek: -12.7 vs 8.7 last month

Look at that new orders number. It's back to covid-era levels.

New orders plunge
New orders plunge
Source: Forex Live