January 2018 US Philly Fed manufacturing business outlook survey 18 January 2018

  • Prior 27.9
  • Prices paid 32.9 vs 25.4 exp. Prior 27.8
  • Employment 16.8 vs 18.1 exp. Prior 19.7
  • New orders 10.10 vs 29.8 exp. Prior 28.2
  • Capex 36.2 vs 38.0 exp. Prior 38.5
  • 6m expectations 42.2 vs 53.5 exp. Prior 52.7

The Empire State report on Monday flagged some weakness for the new month and it’s been followed up in the Philly report. That might have the market looking for a softer month in manufacturing when we get the big ISM numbers.

Ryan Littlestone

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Ryan Littlestone

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