April 2017 US Philly Fed business outlook index 22.0 vs 25.0 exp

• Prior 32
• Employment index 19.9 vs 17.5 prior
• New orders 27.4 vs 38.6 prior
• Prices paid 33.7 vs 40.7 prior
• Capex 36.5 vs 34.5 prior
  6m expectations 45.4 vs 59.5 prior

That's the lowest reading since Dec. Employment and investment holds up but the inflation gauge, orders and expectations dip.