US: Philly Fed Nonmanufacturing Index rises from 1.6 in August to 8 September
|- Philly Fed Nonmanufacturing Index edged higher in September.
- US Dollar Index clings to modest daily gains above 93.60.
The headline Diffusion Index of the Federal Reserve Bank of Philadelphia's Nonmanufacturing Business Outlook Survey improved to 8 in September from 1.6 in August, the monthly data showed on Tuesday.
Key takeaways
"Wage and Benefit Cost Index dropped to 13.1 in September from 14.6 in August."
"Firm-level Business Activity Index edged higher to 20.4 in September from 17.9 August."
"New Orders Index fell to 8.5 in September from 11.6 in August."
"Full-time Employment Index improved to 5.1 in September from -3.0 in August."
Market reaction
The US Dollar Index showed no significant reaction to this data and was last seen gaining 0.12% on the day at 93.66.
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