Global Economic News and Analysis
Written by Steven Hansen The Philly Fed Business Outlook Survey remains in positive (growth) territory for the second month – albeit barely. This survey has been negative for 8 of the last 12 months. Key element new orders is slightly in contraction territory. This is a very noisy index which readers should be reminded is …
Continue reading “April 2013 Philly Fed Business Outlook Remains Barely Positive”
Written by Steven Hansen The Philly Fed Business Outlook Survey finally entered growth territory – as it has been negative for 9 of the last 11 months. Key element new orders is now in expansion territory. This is a very noisy index which readers should be reminded is sentiment based. The Philly Fed historically is …
Continue reading “March 2013 Philly Fed Business Outlook Finally Positive”
Written by Steven Hansen The Philly Fed Business Outlook Survey continues in negative territory – and has been negative for 9 of the last 10 months. Key element new orders and unfilled orders dropped further into contraction. This is a very noisy index which readers should be reminded is sentiment based. The Philly Fed is …
Continue reading “February 2013 Philly Fed Business Outlook Sinks Further into Contraction”
Written by Steven Hansen The Philly Fed Business Outlook Survey jumped back into negative territory – and has been negative for 8 of the last 9 months. Key element new orders dropped well into contraction, while unfilled orders was less bad. This is a very noisy index which readers should be reminded is sentiment based. …
Continue reading “January 2013 Philly Fed Business Outlook Shows Contraction Again”
Written by Steven Hansen The Philly Fed Business Outlook Survey jumped back into expansion territory – after having been negative for 7 of the last 8 months. Key elements, unfilled orders and new orders both showed expansion. This is a very noisy index which readers should be reminded is sentiment based. This month may be …
Continue reading “December 2012 Philly Fed Survey Way Over Expectations”