April 2018 US Philly Fed business outlook index 19 April 2018

  • Prior 22.3
  • New orders 18.4 vs 35.7 prior
  • Employment 27.1 vs 25.6 prior
  • Prices paid 56.4 vs 42.6 prior
  • 6m expectations 40.7 vs 47.9 prior
  • Capex 29.8 vs 35.9 prior

No reaction in USD. USDJPY trades 107.37.

From the report;

Price increases for purchased inputs were reported by 59 percent of the manufacturers this month, up notably from 44 percent in March. The prices paid diffusion index increased 14 points to its highest reading since March 2011 (see Chart 2). The current prices received index, reflecting the manufacturers’ own prices, increased 9 points to a reading of 29.8, its highest reading since May 2008.

Ryan Littlestone

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Philosophy: “Don’t be a Dick for a tick”

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Ryan Littlestone

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