US October Philly Fed 23.8 vs 25.0 expected

The Philly Fed's regional economic survey

• Prior was 30.7
• New orders 30.8 versus 15.9 prior
  
• Employment 30.7 versus 26.3 prior
• Avg workweek 27.8 vs 29.3 prior
  
• Capex 32.4 vs 23.6 prior
  
• Prices paid 70.3 versus 67.3 prior
• Future activity 24.2 vs 20.0 prior
• Delivery times 32.2 vs 20.4 prior
• Full report (pdf)
  

A dip isn't a sign of a slowdown after it jumped to 30.7 from 18.8 last month. It's just noise with the index reflecting solid demand, rising prices and a difficulty finding workers. The rise in capex intentions is a good sign for longer-term growth.

The market is focused on pricing at the moment but you can see signs of a topping out in pressures in the survey.

Invest in yourself. See our forex education hub.

Subscription Confirmed!

Thank you for subscribing

Trade with Top Brokers

Must Read

Technical Analysis

Forex Orders

Central Banks

October 22, 2021 at 12:30AM
Adam Button
https://ift.tt/2Zi5IpJ