November Philly Fed 26.3 vs 23.0 expected

November data from the Philly Fed


  • New orders  +37.9 vs +42.6 prior
  • Shipments 24.9 vs 44.9 prior
  • Employment +27.2 vs +12.7 prior
  • Prices paid +38.9 vs +28.5 prior
  • Future index +44.3 vs +62.7 prior

The Empire Fed was at 6.5 vs 13.5 expected at the start of the week, so there was likely some negative bias in the consensus today.

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