Philly Fed: Non-manufacturing Index falls to 37.2 in Oct from 46.8 in Sep
|"Responses to the October Nonmanufacturing Business Outlook Survey suggest continued expansion of nonmanufacturing activity in the region," the Federal Reserve Bank of Philadelphia announced on Tuesday.
Key takeaways from the press release
- The indicators for firm-level general activity, new orders, and full-time employment remained positive but fell, while the sales/revenues index remained relatively stable.
- The diffusion index for current general activity at the firm level fell from 46.8 in September to 37.2 in October
- The regional activity index remained stable at 37.6.
- The full-time employment index decreased from 36.7 in September to 16.6 in October, coming down from last month’s all-time high for the series.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.