Philly Fed: Non-manufacturing Index falls to 37.2 in Oct from 46.8 in Sep

"Responses to the October Nonmanufacturing Business Outlook Survey suggest continued expansion of nonmanufacturing activity in the region," the Federal Reserve Bank of Philadelphia announced on Tuesday.

Key takeaways from the press release

• The indicators for firm-level general activity, new orders, and full-time employment remained positive but fell, while the sales/revenues index remained relatively stable. 
• The diffusion index for current general activity at the firm level fell from 46.8 in September to 37.2 in October
• The regional activity index remained stable at 37.6.
• The full-time employment index decreased from 36.7 in September to 16.6 in October, coming down from last month’s all-time high for the series.