Prior was +26.7Details:New orders xx vs 33.0 priorShipments xx vs 34.0 priorUnfilled orders xx vs -10.2 priorDelivery times xx vs 1.7 priorInventories xx vs -1.9 priorPrices paid xx vs 59.3 priorPrices received xx vs 33.5 priorNumber of employees xx vs -5.1 priorAverage employee workweek xx vs 7.7 priorSix-months from now indicators:6 month index xx vs 40.8 priorCapex index 6-month forward xx vs 35.2 priorNew orders xx vs 45.7 priorShipments xx vs 40.8 priorUnfilled orders xx vs -4.1 priorDelivery times xx vs 2.7 priorInventories xx vs -0.7 priorPrices paid xx vs 50.2 priorPrices received xx vs 50.2 priorNumber of employees xx vs 35.9 priorAverage employee workweek xx vs 30.3 priorWhat is the Philly Fed Index?The Philadelphia Fed Manufacturing Survey, also known as the Philly Fed Index, is one of the earliest monthly indicators of manufacturing sector health in the United States. Published by the Federal Reserve Bank of Philadelphia, it surveys manufacturers in the Third Federal Reserve District, covering eastern Pennsylvania, southern New Jersey, and Delaware. Readings above zero indicate expanding activity, while readings below zero signal contraction. The survey is closely watched by economists and market participants because it often serves as a leading indicator for the national ISM Manufacturing Index released later each month. This article was written by Giuseppe Dellamotta at investinglive.com.