Philadelphia Fed Manufacturing Index displays the relative business conditions in the Philadelphia Fed region (Eastern Pennsylvania, New Jersey and Delaware) every month. The calculation is based on the survey of 250 manufacturers. The survey participants evaluate employment, working hours, new and current orders, shipments, inventories, delivery times, as well as paid and requested prices.
A positive value indicates the growth of the industrial sector in the region. A negative value notifies of worsening conditions.
The growth of the indicator value can have a positive effect on the US dollar.
The chart of the entire available history of the "Federal Reserve Bank (Fed) of Philadelphia Manufacturing Index" 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.