Here Are The Details Behind Today's Blistering Philly Fed Report


Photo: Philly Fed

The Philadelphia Fed Index came in way better than expected this morning, surging to 22.5.It was expected to come in at a 1.

So how did this surge happen? Massive improvement in the region’s manufacturing sector.

The overall reading shows a sharp uptick for November.

New orders from manufacturers improve from negative levels.

Shipments surge too, after a near flat October.

Delivery times remain pretty flat.

Prices received remains flat.

Employment experiences a very real surge.

And hours worked rebounds as well.

And future confidence has surged back to March levels.

Future employment has stabilised at a positive level.

And capital expenditures look stable in positive territory as well.

Future prices received show a huge surge since the summer.

But does all this growth put us at a risk of inflation?

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