Positives The Philly April manufacturing index rose slightly to 23.2 from 22.3 and that was 2.2 pts above the forecast. The internals though were much more mixed with new orders, backlogs and inventories down while the labor market components were up. Of note, Delivery Time rose to the highest level ever since this survey began in 1968 and this reflects a …
[Read more...] about Succinct Summation of the Week’s Events – 4/20