December 3, 2022

Forex Solution

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Philly Fed June non-manufacturing activity 59.6 vs 36.9 prior

1 min read

Big jump on reopening

  • Highest since March 2012
  • New orders 27.4 vs 16.5 prior
  • Full time employment 4.3 vs 24.0
  • Firm level business activity 56.7 vs 22.1 prior
  • Full report

This is a low-tier indicator but it highlights the pick up in business along with the slow pace of hiring. That’s a paradigm that can’t last.

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