August 2018 US Philly Fed manufacturing data 16 August 2018

  • Prior 25.7
  • New orders 9.9 vs 31.4 prior
  • Prices paid 55.0 vs 62.9 prior
  • Employment 14.3 vs 16.8 prior
  • 6m expectations 38.8 vs 29.0 prior
  • Capex 27.1 vs 31.4 prior

Big headline miss and a sharp drop in the inflation element.

Ryan Littlestone

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