Philadelephia Fed Nonmanufacturing Business Outlook Survey (Feb): Regional business activity -17.3 (prev. -4.2), Firm business activity 5.8 (prev. -16.2)

• New Orders: -9.3 (prev. 5.5) 
• Sales/Revenues: 8.2 (prev. 24.8) 
• Unfilled Orders: -10.1 (prev. 2.1) 
• Inventories: -5.8 (prev. -3.5) 
• Prices Paid: 40.7 (prev. 34.5) 
• Prices Received: 22.0 (prev. 13.2) 
• Full-Time Employment: 10.6 (prev. 9.7) 
• Part-Time/Temporary Employment: 5.5 (prev. -0.4)
• Average Employee Workweek: 29.5 (prev. 9.6)
• Wage and Benefit Costs: 30.0 (prev. 37.2)
• CapEx – Physical Plant: 9.6 (prev. 5.0)
• CapEx – Equipment & Software: 19.0 (prev. 5.2)

Six-Month Outlook

• Regional Business Activity (6m): 14.2 (prev. 10.3)
• Firm Business Activity (6m): 31.7 (prev. 33.7)