- The Philly Fed’s non-manufacturing index edged down in August.
- The US dollar index remains in negative territory above 93.00.
The aggregate release index for the Federal Reserve Bank of Philadelphia’s Non-Manufacturing Business Outlook Survey fell to 17.9 in August from 23.7 in July, according to monthly data on Tuesday.
Key points to remember
The new orders index edged down 2 points to 11.6 in August, but has now recorded positive readings for two months.
Although still negative, the full-time employment index rose 5 points to -3.0, rising for the fourth consecutive month after hitting an all-time low in April.
“The index of diffusion of future activity at the enterprise level edged down 4 points, from 39.1 in July to 35.0 this month.”
The US dollar index largely ignored this data and was last seen losing 0.15% on the day to 93.15.