May 2018 US Philly Fed business outlook index 17 May 2018

  • Prior 23.2
  • Prices paid 52.6 vs 56.4 prior
  • Employment 30.2 vs 27.1 prior
  • New orders 40.6 vs 18.4 prior
  • 6m expectations 38.7 vs 40.7 prior
  • Capex 21.6 vs 29.8 prior

A big jump in new orders offsets the steep fall seen last month.

The headline jump follow’s up on Monday’s Empire State data beat. The new month for US manufacturing is looking rosy in these early indicators.

Ryan Littlestone

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Ryan Littlestone

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