Philadelphia Fed index better. Leading indicators worse as is Mortgage Delinquencies
Written November 19, 2009 at 10:05 AM EST by Greg Michalowski
Philly Fed index rises to 16.7 from 11.5 last month. Expectation was for 12.2.
Prices Received -1.5 vs -4.3
Prices Paid 13.9 vs 21.3
Employment rose to -0.5 from -6.8
New Orders rose to 14.8 from 6.2
The Leading Index rose by 0.3%, which was a touch worse than expectations. The workweek, Jobless claims, Consumer orders, stock prices, money suppy and interest rate spread contributed, while consumer expectations, Building permits, Non Defense Capital Goods orders and Pace of deliveries were negative contributors
Mortgage delinquencies rose to 9.64% from 9.24%. This continues to point to the effects on the housing market as a result of the unemployment situation in the US.
Categories: Economic Statistics, Forex News | Tags: Leading Indicators, Morrgage Delinquencies, Philadelphia Fed
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