Philly Fed services survey plunges to the lowest since May 2020

• General activity (region): -42.7 vs. -32.5 prior
• General activity (firm level): -26.7 vs. -17.5 prior
• New orders: -6.9 vs. -19.5 prior
• Sales/revenues: -7.8 vs. -4.7 prior
• Full-time employment: -7.2 vs. -7.5 prior
• Part-time employment: -7.9 vs. 3.5 prior
• Prices paid: 46.5 vs. 36.0 prior
• Prices received: -0.1 vs. 8.4 prior

Future indicators (six months):

• General activity : -31.8 vs. -24.0 prior (lowest since April 2020)
• General activity (firm level): -23.0 vs. -19.8 prior

This article was written by Adam Button at www.forexlive.com.