Federal Reserve Bank (Fed) of Philadelphia Business Conditions

Country:
United States
USD, US dollar
Sector:
Business
Low 33.8 41.7
36.3
Last release Importance Actual Forecast
Previous
36.3
33.8
Next release Actual Forecast
Previous
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Philadelphia Fed Business Conditions Outlook characterizes expectations in business conditions in the manufacturing sector in the Philadelphia Federal Reserve zone for the next six months. This region includes Pennsylvania, New Jersey and Delaware.

The forecast value is calculated based on a survey of leading industrial enterprises in the region. In addition to a general assessment of business conditions in the industry, business leaders are asked to assume whether the situation in their companies will improve, worsen or remain unchanged. In particular, respondents assess new orders, shipment, unfilled orders, suppliers' delivery times, inventories, prices paid, prices received, number of employees, average hours worked per week.

The region falling under the responsibility of the Philadelphia Federal Reserve Bank is one of the most economically active regions of the country, that is why its business conditions outlook is often monitored by analysts. The manufacturing sector usually demonstrates a more vivid cyclic nature and reflects current changes earlier than the economy in general. Therefore, expectations of participants of this market serve as a leading indicator of the US economy health.

The index is calculated as a difference between the percentage of positive forecasts and the percentage of negative ones. If the final index value is positive, it means that business situation expectations in the region have improved. Readings below zero indicate worsening of business sentiment in the manufacturing segment of the economy.

However, the Philadelphia Fed Business Outlook rarely causes the volatility of dollar quotes.

Last values:

actual data

forecast

The chart of the entire available history of the "Federal Reserve Bank (Fed) of Philadelphia Business Conditions" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Oct 2018
33.8
41.7
36.3
Sep 2018
36.3
39.8
38.8
Aug 2018
38.8
28.9
29
Jul 2018
29
33.2
34.8
Jun 2018
34.8
41.9
38.7
May 2018
38.7
44.9
40.7
Apr 2018
40.7
44
47.9
Mar 2018
47.9
39.3
41.2
Feb 2018
41.2
42.3
42.2
Jan 2018
42.2
51.9
52.7
Dec 2017
53.5
48.8
50.1
Nov 2017
50.1
51.2
46.4
Oct 2017
46.4
37.6
55.2
Sep 2017
55.2
48.8
42.3
Aug 2017
42.3
30.1
36.9
Jul 2017
36.9
31.3
Jun 2017
31.3
34.8
May 2017
34.8
45.4
Apr 2017
45.4
59.5
Mar 2017
59.5
53.5
Feb 2017
53.5
56.6
Jan 2017
56.6
52.6
Dec 2016
52.6
29.3
Nov 2016
29.3
32.6
Oct 2016
32.6
37.5
Sep 2016
37.5
45.8
Aug 2016
45.8
33.7
Jul 2016
33.7
29.8
Jun 2016
29.8
36.1
May 2016
36.1
42.2
Apr 2016
42.2
28.8
Mar 2016
28.8
17.3
Feb 2016
17.3
19.1
Jan 2016
19.1
23
Dec 2015
23
43.4
Nov 2015
43.4
36.7
Oct 2015
36.7
44
Sep 2015
44
43.1
Aug 2015
43.1
41.5
Jul 2015
41.5
39.7
Jun 2015
39.7
33.9
May 2015
33.9
35.5
Apr 2015
35.5
32
Mar 2015
32
29.7
Feb 2015
29.7
50.9
Jan 2015
50.9
51.9
Dec 2014
51.9
57.7
Nov 2014
57.7
54.5
Oct 2014
54.5
56
Sep 2014
56
66.4

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