Philly FED Business Outlook Softens As Well - Forex News by FX Leaders
The surge in the sentiment is over now

Philly FED Business Outlook Softens As Well

Posted Friday, August 21, 2020 by
Skerdian Meta • 1 min read

The story after the lock-downs was the economic rebound all over the world. The activity in services and manufacturing was surging, while the sentiment among investors and the consumers was improving pretty fast. But, that strong rebound came after one of the deepest recession, but also one of the shortest ever. Now the story is the softening of the economic recovery. The Philly FED business outlook showed a cooling off for this month.

Philadelphia Fed Business Outlook for August

  • Philadelphia Fed business outlook for August 17.2 vs. 20.8 estimate
  • General business activity index 17.2 vs. 24.1 last month
  • New orders 19.0 vs. 23.0 last month
  • Shipments 9.4 vs. 15.3 last month
  • Number of employees 9.0 vs. 20.1 last month
  • Average workweek 11.3 vs. 17.2 last month
  • Price is paid 15.3 vs. 50.7 last month
  • Prices received 12.4 vs. 11.5 last month
  • Unfilled orders -0.6 vs. 3.9 last month
  • Delivery time 7.3 vs. -6.4 last month
  • Inventories -1.9 vs. -11.8 last month
The forward-looking six-month business outlook index rose to 38.8 from 36.0 last month. Some highlights:
  • Number of employees 29.5 vs. 32.4 last month
  • New orders 55.1 vs. 55.6 last month
  • Shipments 46.9 vs. 51.3 last month
  • Prices paid 37.7 vs. 43.0 last month
  • Prices received 30.2 vs. 24.7 last month

 

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About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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