US June Philly Fed +1.3 vs +5.0 expected

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US June Philly Fed +1.3 vs +5.0 expected

• Prior was +4.5

• Employment: -2.5 vs -10.7 prior
• New orders:  -2.2 vs +12.2 prior
• Prices paid: +22.5 vs +23.0 prior
• Prices received:  vs +5.5 prior
• Shipments:  vs +19.1 prior
• Unfilled orders: vs +0.8 prior
• Delivery times:  vs -9.4 prior
• Inventories:  vs -8.9 prior
• Avg employee workweek:    vs -18.7 prior

The prior reading was a jump to a two-year high so a retracement here isn't a big surprise or a sign of a weakening economy. However the prices paid number is starting to heat up.

Look-ahead indexes:

• Six month index: +13.8 vs +34.3 prior
• Employment:  +19.0 vs +12.8 prior
• New orders:  +16.2 vs +42.8 prior
• Shipments: -0.1  vs +29.3 prior
• Prices paid: +56.3  vs +54.5 prior
• Prices received:  +58.8 vs +31.4 prior

                This article was written by Adam Button at www.forexlive.com.

Source: US June Philly Fed +1.3 vs +5.0 expected

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