The Philly Fed’s Business Activity Index improved in March from -41.3—the lowest reading since 1990—in February to -35.0, and above the consensus of -39.0. A reading of zero suggests conditions are neither contracting nor expanding. New orders fell to the lowest reading since 1980 and employment worsened to the lowest level in the history of the survey. Prices received fell from -27.8 to -32.6 but prices paid dropped from -13.7 to -31.3.
The Conference Board's Leading Index declined 0.4% in February, less than the 0.6% decrease that economists expected, and January was revised lower to 0.1%. More from Bloomberg...
Magnificent Seven Update
Daily Update Of Open Positions...Stocks & ETFs
