The Philadelphia Fed Non-Manufacturing Index improves to -17.5 points in January from -26.6 in December

  • The Philadelphia Fed Non-Manufacturing Index rose modestly in January but remained in negative territory.
  • The US Dollar DXY Index continues to push lower towards 90.20.

He Regional Business Activity Index of the Non-Manufacturing Business Outlook Survey from the Federal Reserve Bank of Philadelphia improved to -17.5 points in January from -26.6 December.

Additional details from the post revealed that the enterprise-level business activity index plummeted to -14.3 from 5, the full-time employment rate rose to 3.1 from -5.8 and New Orders Index rose to 0.2 from -9.5.

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