Sept Philly Fed 22.5 vs 23.0 expected via ForexLive

The September Philly Fed report highlights:

• Prior was 28.0
• Employment 21.2 vs 9.1 prior
• New orders 15.5 vs 14.7 prior
• Prices paid 27.0 vs 24.9 prior
• Future index at 56.0 vs 66.4 prior

The economists did a good job of forecasting the slight pullback after six months of nearly-non-stop gains.

Philly Fed August 2014 chart

The employment sub-index was the real bright spot in the report — it's the highest since May 2011.

posted via ForexLive