The Philadelphia Fed Business Conditions index reflects current conditions in the manufacturing sector in the Philadelphia Federal Reserve zone. This region includes Pennsylvania, New Jersey and Delaware, i.e. states with high economic activity. The index provides an indirect outlook of the economic development of the entire country.
The index is calculated based on a survey of leading industrial enterprises in the region. The questionnaire contains questions about changes in business conditions in the given month. Respondents evaluate employment, the number of working hours, new and current orders, stocks of raw materials and unsold goods, paid and requested prices, capital costs, deliveries.
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.