US June Philly Fed +1.3 vs +5.0 expected

Prior was +4.5Employment: -2.5 vs -10.7 priorNew orders: -2.2 vs +12.2 priorPrices paid: +22.5 vs +23.0 priorPrices received: vs +5.5 priorShipments: vs +19.1 priorUnfilled orders: vs +0.8 priorDelivery times: vs -9.4 priorInventories: vs -8.9 priorAvg employee workweek: vs -18.7 priorThe prior reading was a jump to a two-year high so a retracement here isn't a big surprise or a sign of a weakening economy. However the prices paid number is starting to heat up.Look-ahead indexes:Six month index: +13.8 vs +34.3 priorEmployment: +19.0 vs +12.8 priorNew orders: +16.2 vs +42.8 priorShipments: -0.1 vs +29.3 priorPrices paid: +56.3 vs +54.5 priorPrices received: +58.8 vs +31.4 prior This article was written by Adam Button at www.forexlive.com.

Jun 20, 2024 - 19:00
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US June Philly Fed +1.3 vs +5.0 expected
  • Prior was +4.5
  • Employment: -2.5 vs -10.7 prior
  • New orders: -2.2 vs +12.2 prior
  • Prices paid: +22.5 vs +23.0 prior
  • Prices received: vs +5.5 prior
  • Shipments: vs +19.1 prior
  • Unfilled orders: vs +0.8 prior
  • Delivery times: vs -9.4 prior
  • Inventories: vs -8.9 prior
  • Avg employee workweek: vs -18.7 prior

The prior reading was a jump to a two-year high so a retracement here isn't a big surprise or a sign of a weakening economy. However the prices paid number is starting to heat up.

Look-ahead indexes:

  • Six month index: +13.8 vs +34.3 prior
  • Employment: +19.0 vs +12.8 prior
  • New orders: +16.2 vs +42.8 prior
  • Shipments: -0.1 vs +29.3 prior
  • Prices paid: +56.3 vs +54.5 prior
  • Prices received: +58.8 vs +31.4 prior
This article was written by Adam Button at www.forexlive.com.
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