``If manufacturing conditions are generally improving, yet barely improving, we would see reports like the Philly Fed and Empire State survey above, with actual factory data not matching.'' -- See also Another 'Hard' Data Disappointment: US Industrial Production Misses, Stagnant In February.
Earlier from the Philly Fed: Current Indicators Suggest Expansion ContinuesResults from the March Manufacturing Business Outlook Survey suggest that regional manufacturing activity continued to expand. The diffusion index for general...Show More Summary
The Federal Reserve Bank of Philadelphia said that manufacturing activity remained strong in March, even as headline growth pulled back from its strongest pace since November 1983. The composite index...
With only 'soft' survey data supporting any hope of proclaiming economic success post-Trump (as 'hard' data has tumbled), the cracks in that sentiment are starting to show. Philly Fed's business outlook tumbled from 33 year highs in March (falling the most since March 2016). Show More Summary
The Philadelphia Fed's manufacturing business outlook survey for March is expected to be released today at 8:30 a.m. ET. The reading crushed expectations in February, coming in at 43.3 against economists' expectations of 18 and up from...Show More Summary
The FOMC's statement and projections were perceived at "dovish" (probably one less hike this year than expected). So mortgage rates declined...From Matthew Graham at Mortgage News Daily: Biggest Intraday Drop of the Year For Mortgage RatesMortgage rates fell at their fastest pace of the year following today's rate hike announcement from the Fed. Show More Summary
The key economic reports this week are Retail Sales, Housing Starts, and the Consumer Price Index (CPI).For manufacturing, February industrial production, and the March New York, and Philly Fed manufacturing surveys, will be released this week.The FOMC meets on Tuesday and Wednesday, and the FOMC is expected to raise rates at this meeting. Show More Summary
A couple of NFP forecasts...From Nomura: Incoming data on the labor market suggest strong job gains in February. Data on sentiment, including the Empire State, Philly Fed and ISM manufacturing surveys, point to better hiring activity in February. Show More Summary
Update: the March odds continue to surge and are now at 72% and rising. The Fed is really doing its best to convince the market that a March rate hike is coming, and it seems to be working. First, it was Philly Fed president PatrickShow More Summary
European stocks rose again with S&P futures higher, while Asian stocks were mixed. The dollar rose jumped on hawkish comments by Philly Fed's Harker, oil rose following optimistic OPEC comments, while gold dropped. Markets have largely...Show More Summary
Succinct Summations for the week ending February 17, 2017 Positives 1. U.S. stocks closed at record highs, the S&P 500 advanced for the fourth straight week. 2. The Philly Fed Business Outlook Survey came in at 48.3, the strongest reading since 1984! 3. Show More Summary
Once again all eyes were on "soft" data (Philly Fed) as "hard" data (housing starts miss) disappointed and the forced buy-in pressure lifted... 7 days up in a row for the S&P 500 (longest streak since March 2013) was the limit it seems...Show More Summary
The Philly Fed's Manufacturing Business Outlook Survey is a monthly report for the Third Federal Reserve District, covers eastern Pennsylvania, southern New Jersey, and Delaware. While it focuses exclusively on business in this district...
The Federal Reserve Bank of Philadelphia said that manufacturing activity expanded in February at its strongest rate since November 1983. The composite index of general business activity rose from 23.6...
Earlier from the Philly Fed: Manufacturing Conditions Continued to Improve in FebruaryResults from the February Manufacturing Business Outlook Survey suggest that growth in regional manufacturing is broadening. The diffusion indexesShow More Summary
Against expectations of a 18.0 print, February's Philly Fed exploded higher to 43.3 - the highest since January 1984. This is a 10-standard-deviation beat, led by a surge in new orders and the workweek, despite a decline in 'hope' and the number of employees. Everything is Awesome America... Show More Summary
From Matthew Graham at Mortgage News Daily: Mortgage Rates Approach 3-Week HighsMortgage rates rose for the 5th day in a row following a higher reading in this morning's inflation data and an upbeat Retail Sales report.... Today's increase brings mortgage rates close to their highest level in 3 weeks. Show More Summary
The latest release of the Philly Fed's manufacturing outlook is expected to cross the wire at 8:30 a.m. ET. Economists expect the measure of mid-Atlantic manufacturing to hit 18.0 for the month, a slight fall from the 23.6 reading in...Show More Summary
The key economic reports this week are Retail Sales, Housing Starts, and the Consumer Price Index (CPI).For manufacturing, January industrial production, and the February New York, and Philly Fed manufacturing surveys, will be released this week.Fed Chair Janet Yellen is scheduled to deliver the Semiannual Monetary Policy Report to the Congress. Show More Summary
From the Philly Fed: The Federal Reserve Bank of Philadelphia has released the coincident indexes for the 50 states for December 2016. In the past month, the indexes increased in 41 states, decreased in two, and remained stable in seven, for a one-month diffusion index of 78. Show More Summary