Philadelphia Fed Business index for February 18,1 vs 20.0 estimate

• Prior month 44.3 (the expectation was for -5.2….The result may have been influenced by the election)
• Manufacturing index for February xx.x vs 20.0 estimate

Details:

• 6 month index 27.8 vs 46.3 last month.
• Capex index 6-month forward 14.0 vs 39.0 last month
• employment 5.3 vs 11.9 last month
• Prices paid 40.5 vs 31.9 last month
• New Orders 21.9 vs 42.9 last month
• Shipments 26.3 versus 41.0 last month.
• Unfilled orders 1.4 versus 24.0 last month
• delivery time 12.4 versus 6.8 last month.
• Inventories -0.4 versus 11.7 last month.
• Average workweek 2.9 versus 20.5 last month.

For 6 month forward:

• New orders 33.1 versus 57.3 last month.
• Shipments 36.5 versus 60.2 last month
• unfilled orders 11.0 versus 14.5 last month.
• Delivery times -1.2 versus 0.5 last month.
• Inventories 16.4 versus 20.2 last month.
• Prices paid 50.6 versus 67.3 last month
• prices received 46.1 versus 53.6 last month
• employment 23.7 versus 40.4 last month
• average workweek 11.6 versus 14.9 last month

This article was written by Greg Michalowski at www.forexlive.com.