FX.co ★ U.S. Philly Fed CAPEX Index Eases in October, Signals Slight Cooling in Investment Plans

The Philadelphia Fed Capital Expenditures (CAPEX) Index for the United States edged down in October 2026, suggesting a modest cooling in business investment intentions. The indicator slipped to 34.90 in October from 37.10 in September 2026.

While the decline points to a slight loss of momentum, the index remains at a relatively elevated level, indicating that firms in the region are still planning to increase capital outlays, albeit at a slower pace than in the prior month. The latest figures, updated as of 15 October 2026, will be closely watched by market participants looking for early signs of shifts in corporate spending and broader economic resilience.