US September Philly Fed business index +23.2 vs +2.5 expected

• Prior was -0.3

Details:

• Employment: 5.6 vs 5.9 last month

• Prices paid: 46.8 vs 66.8 last month (was at multi-year highs last month)

• New orders: +12.4 vs -1.9 last month

• Shipments: 26.1 vs 4.5 last month

• Unfilled orders: -6.6 vs -16.8 last month

• Delivery time: -3.4 vs -5.4 last month

• Inventories: 15.0 vs -6.2 last month

• Average workweek: 14.9 vs 4.7 last month

Six-months from now indicators:

• 6 month index: 31.5 vs 25.0 last month

• Capex index 6-month forward: 12.5 vs 38.4 last month

• New orders vs 39.2 last month
• Prices paid vs 68.4 last month
• Employment vs +12.7 last month

The Empire Fed manufacturing survey earlier this week was at -8.7 compared to +5.0 expected and +11.9 previously. This index is

The special question in the report indicates a nice pickup in business.

This article was written by Adam Button at investinglive.com.