FAST FIVE: Philly, Empire Fed Beat Expectations, Confirming Economic Rebound
The diffusion index for current general activity fell 5 points this month to 16.8, after increasing 22 points in July. Movements in the indexes for current shipments and new orders were mixed: The current new orders index increased 7 points, while the shipments index decreased 6 points.
The prices paid diffusion index decreased 3 points and remains well below readings over the past two and a half years.
Input prices increased at a slightly slower pace than last month, and selling price increases were little changed.
The prices received index was little changed at 4.5, with selling price increases maintaining a modest pace.
Where the news was less good was in the outlook, with indexes assessing the six-month outlook suggesting that firms were somewhat less optimistic about future conditions than they were last month.