Philadelephia Fed Nonmanufacturing Business Outlook Survey (Feb): Regional business activity -17.3 (prev. -4.2), Firm business activity 5.8 (prev. -16.2)
The Philadelphia Fed's Nonmanufacturing Business Outlook Survey shows a sharp decline in regional business activity, falling to -17.3, indicating significant weakening.
Keurig Dr Pepper (KDP) CFO expects Q1 EPS to be in the range of USD 0.36-0.37 (prev. USD 0.42 Y/Y)
MetLife (MET) files to sell 30-year debt
Philadelephia Fed Nonmanufacturing Business Outlook Survey (Feb): Regional business activity -17.3 (prev. -4.2), Firm business activity 5.8 (prev. -16.2)
Canadian Manufacturing Sales MoM Prel (Jan) M/M -3.3% (Prev. 0.6%)
India's Trade Minister hopes to launch FTA talks with Canada, in PM Carney's visit to India
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- 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)
However, some areas, like firm business activity and employment figures, have improved, suggesting mixed signals that could complicate the Fed's rate decisions. This data may shift market sentiment around the economy's resilience and potential inflation risks, particularly affecting the USD and fixed income markets.
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