Philly Fed Services Survey Crashes To Weakest Since COVID

Philly Fed Services Survey Crashes To Weakest Since COVID

Continuing the trend of 'soft' data deterioration...

?itok=YscYK8EV

The Philly Fed Services Sector survey Current Activity collapsed from -13.1 to -32.5 - its weakest since May 2020. And at the same time, Future Activity plunged even more...

?itok=mQFZIF9f

The indexes for general activity, new orders, and sales/revenues remained negative, with the former two declining further. Both price indexes rose and indicate overall increases in prices.

?itok=JAucbxJI

The full-time employment index fell 10 points to -7.5, its first negative reading since August.

It looks like the post-election honeymoon is over (in the soft data)... even if the hard data keeps improving.

https://cms.zerohedge.com/users/tyler-durden

Tue, 03/25/2025 - 08:41

https://www.zerohedge.com/personal-finance/philly-fed-services-survey-crashes-weakest-covid