It’s NOT always sunny in Philadelphia. In fact, the Nightman Cometh. The post Nightman Cometh: Philly Fed Employment Index Drops To Lowest Level Since July 2009 was originally published at The Wall Street Examiner. Follow the money!
From the Philly Fed: August 2016 Manufacturing Business Outlook Survey Firms responding to the Manufacturing Business Outlook Survey suggest that growth was positive but tenuous this month. The diffusion index for current general activity...Show More Summary
(Reuters) - Business activity in the U.S. mid-Atlantic region improved in August, but local employment deteriorated to its worst level in seven years, a survey from the Philadelphia Federal Reserve released on Thursday showed. The Philadelphia Fed said its current business activity index rose to 2.0 in August from -2.9 in July. Show More Summary
Despite a modest bounce in Philly Fed headline data - thanks purely to a jump in 'hope' from 33.7 to 45.8 (the highest in 18 months) - the underlying components of the Philly fed survey are a disaster. New orders collapsed, employment...Show More Summary
Manufacturing activity in and near Philadelphia rebounded a bit in August, according to a survey conducted by the regional Federal Reserve. Its monthly index of current activity rose to 2.0 from -2.9 in July, in line with economists' consensus forecast. The Philly Fed index has turned positive only three times this year. Show More Summary
The key economic reports this week are July housing starts and the July Consumer Price Index (CPI).For manufacturing, July industrial production, and the August New York and Philly Fed manufacturing surveys, will be released this week. Show More Summary
From the Philly Fed: July 2016 Manufacturing Business Outlook Survey Manufacturing activity in the region fell slightly in July, according to firms responding to this month’s Manufacturing Business Outlook Survey. Although the indicator for current general activity turned negative, indicators for new orders and shipments were positive. Show More Summary
The Federal Reserve Bank of Philadelphia said that manufacturing sentiment in July contracted for the third time in the past four months (or the ninth time in the past 11...
In the first wave of macro data today, initial claims beat expectations, dropping to 253k near record lows (but remains wildly divergent from tumbling consumer confidence). Following June's rebound in Philly Fed, July missed expectations tumbling to six-month lows, back to a contractionary -2.9 (against expectations of a flat print of +4.5). Show More Summary
The Philadelphia Federal Reserve will release its regional business outlook for July at 8:30 a.m. ET. Economists forecast that the headline manufacturing index dipped to 4.5 from 4.7, according to Bloomberg. It would be the fourth time...Show More Summary
Thursday:• At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for 265 thousand initial claims, up from 254 thousand the previous week.• Also at 8:30 AM, the Philly Fed manufacturing survey for July. Show More Summary
The key economic reports this week are June housing starts, and June Existing Home Sales.For manufacturing, the July Philly Fed manufacturing survey will be released this week. ----- Monday, July 18th ----- 10:00 AM: The July NAHB homebuilder survey. Show More Summary
From the Philly Fed: The Federal Reserve Bank of Philadelphia has released the coincident indexes for the 50 states for May 2016. In the past month, the indexes increased in 38 states, decreased in eight, and remained stable in four, for a one-month diffusion index of 60. Show More Summary
Each month the Federal Reserve Bank of Philadelphia produces a monthly coincident index for each of the 50 states in an effort to "summarize current economic conditions in a single statistic." With its current reading of 60, it is now back to late 2010, early 2011 levels...
The Federal Reserve Bank of Philadelphia said that manufacturing activity rebounded in June after contracting in both April and May. The composite index of general business activity rose from -1.8...
From the Philly Fed: June 2016 Manufacturing Business Outlook Survey Firms responding to the Manufacturing Business Outlook Survey reported little growth this month. Though the indicator for general activity was positive in June, other broad indicators continued to reflect general weakness in business conditions. Show More Summary
The Philly Fed manufacturing index came in at 4.7 for May, leaping into positive territory from the prior month. Economists had forecast that the diffusion index for current activity rose to 1 after tumbling to -1.8 last month, according...Show More Summary
Thursday:• At 8:30 AM, The initial weekly unemployment claims report will be released. The consensus is for 270 thousand initial claims, up from 264 thousand the previous week.• Also at 8:30 AM, The Consumer Price Index for May from the BLS. Show More Summary
The key economic reports this week are May Retail Sales on Tuesday, the Consumer Price Index (CPI) on Thursday, and May housing starts on Friday.For manufacturing, May Industrial Production, and the June New York and Philly Fed manufacturing...Show More Summary
From the Philly Fed: he Federal Reserve Bank of Philadelphia has released the coincident indexes for the 50 states for April 2016. In the past month, the indexes increased in 39 states, decreased in seven, and remained stable in four, for a one-month diffusion index of 64. Show More Summary