January Philadelphia-area manufacturing data
– Prior was +21.5
– Employment 12.8 vs 6.4 prior
– Prices paid 32.5 vs 29.4 prior
– New orders 26.0 vs 13.9 prior
Great numbers from factories in the region. It’s the second manufacturing index of the month. The Empire Fed was on the soft side at 6.5 vs 8.5 expected and 9.0 prior.