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US: Philly Fed Nonmanufacturing Index Rises to 8

Adel 22 September, 2020 4:57 pm Market Update

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.


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.

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