September Philly Fed +1.7 vs -1.0 expected

• Prior was -7.0
• New orders: -1.5 vs 14.6 prior
• Shipments: -14.3 vs 8.5 prior
• Unfilled orders: -6.7 vs 3.2 prior
• Delivery times: -0.7 vs 14.1 prior
• Inventories: 5.0 vs -4.8 prior
• Prices paid: 34.0 vs 24.0 prior
• Prices received: 24.6 vs 13.7 prior
• Employment: 10.7 vs -5.7 prior
• Average workweek: -13.6 vs -2.3 prior

The employment metric and most future indicators improved. The manufacturing sector of the US economy has been struggling but there are green shoots in this report and some others.

This is an interesting view in a special question in the survey:

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