Philly Fed services index -3.7 vs +2.1 prior

<ul><li>Prior was +2.1</li><li>Firm-level activity +6.8 vs +6.1 prior</li><li>New orders +1.9 vs -5.7 prior</li><li>Employment +13.9 vs +8.3 prior</li><li>Wage and benefit cost index +37.9 vs +34.2 prior</li></ul><p>This is a low-tier indicator but this month it's a good push-back against the <a href="https://www.forexlive.com/news/us-december-ism-services-506-vs-526-expected-20240105/" target="_blank" rel="follow">drop in the ISM services index</a>.</p>

This article was written by Adam Button at www.forexlive.com.