Philly Fed August nonmanufacturing index -13.1 vs +1.4 last month

<ul><li><a href="https://www.forexlive.com/news/philly-fed-july-non-manufacturing-index-14-vs-166-prior-20230725/" target="_blank" rel="follow">Prior </a>1.4%</li><li>Firm level activity -0.5 versus 2.0 prior</li><li>New orders -16.0 versus -13.3 prior</li><li>Employment 8.1 versus 11.9 prior</li><li>Wage and benefit 33.7 vs 39.8 prior</li><li>Futures index 6 months forward 8.2 versus 20.5 prior. 51% of firms expecting increases in future activity down from 56% last month and 24% expect decreases up from 15% last month</li></ul><p>The data – although not a market mover – show continued weakness in the region. </p>

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