November 2016 US Philly Fed business index 17 November 2016
–
Prior 9.7
– Employment -2.6 vs -4.0 prior
– New orders 18.6 vs 16.3 prior
– Prices paid 27.5 vs 7.0 prior
Despite the headline miss and drop from last month, there’s been a boost in orders and both price components. Inventories have jumped for the first time in many months which suggests some confidence.