Philly Fed Feb non-manufacturing index +3.9 vs -17.5 prior


Regional business survey

  • Prior was -17.5
  • Wage and benefit cost index 21.7 vs 16.4 prior
  • New orders +4.0 vs +0.2 prior
  • Employment +2.8 vs +3.1 prior

This is a low-tier index but it’s another good sign. US GDP estimates are surging.
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