Leading Indicators and the Philadelphia Fed Index are giving mixed signals. Leading indicators came in at 0.1%, slightly higher than the 0.0% estimate, but the Philly Fed Index plunged to -17, well below the -10 estimate.
Leading indicators is the broader economic measure and is probably a better indicator of how the economy is doing. The Philadelphia Fed index is localised and limited only to manufacturing.
Graph Courtesy Briefing.com