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.