Philadelphia Fed Non-Manufacturing Regional Activity Index (Sept.): -22.0 (exp. -8.7, prev. -10.6)
September's Philadelphia Fed non-manufacturing regional index declined to -22.0, missing forecasts, despite stronger employment, increased capital spending, and improved six-month outlooks across firms.
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Current Indicators General Business Activity (Region): -22.0 (prev. -10.6) General Business Activity (Firm): 0.3 (prev. -8.2) New Orders: -2.2 (prev. -10.1) Sales/Revenues: 6.8 (prev. 7.9) Unfilled Orders: -7.1 (prev. -12.7) Inventories: -9.3 (prev. -1.1) Prices Paid: 37.8 (prev. 29.2) Prices Received: 20.0 (prev. 10.3) Number of Employees – Full-Time Permanent: 19.0 (prev. 2.1) Number of Employees – Part-Time, Temporary & Contract: 10.7 (prev. 1.1) Average Employee Workweek: 8.5 (prev. -13.4) Wage & Benefit Costs: 40.7 (prev. 39.2) Capital Expenditures – Physical Plant: 22.9 (prev. -0.6) Capital Expenditures – Equipment & Software: 33.0 (prev. 8.8) Forward-Looking Indicators (6-Month Expectations) General Business Activity (Region): 2.0 (prev. -6.3) General Business Activity (Firm): 20.3 (prev. 12.4)
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