Philadelphia Fed nonmanufacturing business activity index -11 versus -20.3 last month ...Middle East

Philadelphia Fed nonmanufacturing indexNonmanufacturing business activity index -11 versus -20.3 last monthFirm level business activity +10.3 versus -4.9 last monthNew orders -8.6 versus -16.1 last monthEmployment +14.7 versus +8.2 last monthWages and benefit cost index 32.8 versus 34.2 last monthFrom the Philadelphia Fed:Firms responding to the November Nonmanufacturing Business Outlook Survey indicated overall improvement in business activity. The indexes for general activity at the firm level and sales/revenues returned to positive territory for the first time since July. The index for new orders rose but remained negative. The firms continued to report higher full- and part-time employme

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