Big miss from Philly Fed survey

FXStreet (London) - There was a big miss from the Philadelphia Fed manufacturing index which printed at 6.3 in January, down from 24.3 in December.

Prices in January fell to 9.8 from 14. Employment declined to -2.0 from 8.4 and new orders declined to 8.5 from 13.6.

Six-month outlook for capex fell to 13.2 from 24.8 thought the six-month business conditions outlook rose to 50.9 from 50.4,