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Thursday, February 18, 2016

February 2016 US Philly Fed business outlook index -2.8 vs -3.0 exp

  • Prior -3.5
  • Employment -5.0 vs -1.9 prior
  • New orders -5.3 vs -1.4 prior
  • Prices paid -2.2 vs -1.1 prior
  • Prices rec'd -4.5 vs -2.8 prior
  • Capex +2.5 vs +9.40 prior
  • 6m expectations +17.3 vs +19.10 prior
A marginal miss but the underlying numbers paint a gloomier picture. Ill refrain from posting the meaningless jobless figures as they are nothing more than mere numbers on a screen and DO NOT represent the actual job market in these United States, only what some BLS paid clown says they are on a spread sheet.

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