Federal Reserve Bank (Fed) of Philadelphia Manufacturing Index

Country:
United States
USD, US dollar
Sector:
Business
Medium 5.2 -10.3
-10.6
Last release Importance Actual Forecast
Previous
2.0
5.2
Next release Actual Forecast
Previous
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The Philadelphia Fed Business Conditions index reflects current business conditions in the manufacturing sector in the Philadelphia Federal Reserve zone. This region includes Pennsylvania, New Jersey and Delaware.

The index 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 assess whether the situation in their companies has improved, worsened or remained 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 index 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, the manufacturing sector state serves as a leading indicator of the US economy health.

The index is calculated as a difference between the percentage of positive estimates and the percentage of negative ones. If the final index value is positive, it means that the assessment of business conditions has improved on the average across the region. Readings below zero indicate worsening of business sentiment in the manufacturing segment of the economy.

Dynamics of the Philadelphia Fed Business Conditions index can cause insignificant volatility of dollar quotes.

Last values:

actual data

forecast

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.

Date (GMT)
Reference
Actual
Forecast
Previous
Feb 2024
5.2
-10.3
-10.6
Jan 2024
-10.6
-14.5
-12.8
Dec 2023
-10.5
-2.1
-5.9
Nov 2023
-5.9
-4.8
-9.0
Oct 2023
-9.0
-6.7
-13.5
Sep 2023
-13.5
-11.8
12.0
Aug 2023
12.0
-16.7
-13.5
Jul 2023
-13.5
-18.3
-13.7
Jun 2023
-13.7
-19.4
-10.4
May 2023
-10.4
-18.0
-31.3
Apr 2023
-31.3
-15.4
-23.2
Mar 2023
-23.2
-14.0
-24.3
Feb 2023
-24.3
-12.9
-8.9
Jan 2023
-8.9
-13.1
-13.7
Dec 2022
-13.8
-11.3
-19.4
Nov 2022
-19.4
-7.6
-8.7
Oct 2022
-8.7
-4.0
-9.9
Sep 2022
-9.9
1.0
6.2
Aug 2022
6.2
11.8
-12.3
Jul 2022
-12.3
16.1
-3.3
Jun 2022
-3.3
19.2
2.6
May 2022
2.6
22.2
17.6
Apr 2022
17.6
23.1
27.4
Mar 2022
27.4
23.6
16.0
Feb 2022
16.0
24.4
23.2
Jan 2022
23.2
25.2
15.4
Dec 2021
15.4
27.0
39.0
Nov 2021
39.0
27.8
23.8
Oct 2021
23.8
23.1
30.7
Sep 2021
30.7
31.9
19.4
Aug 2021
19.4
35.6
21.9
Jul 2021
21.9
36.0
30.7
Jun 2021
30.7
34.0
31.5
May 2021
31.5
29.8
50.2
Apr 2021
50.2
24.7
44.5
Mar 2021
51.8
21.5
23.1
Feb 2021
23.1
51.1
26.5
Jan 2021
26.5
-1.1
9.1
Dec 2020
11.1
-7.0
26.3
Nov 2020
26.3
3.6
32.3
Oct 2020
32.3
-4.0
15.0
Sep 2020
15.0
-10.4
17.2
Aug 2020
17.2
-3.9
24.1
Jul 2020
24.1
23.5
27.5
Jun 2020
27.5
-33.0
-43.1
May 2020
-43.1
-5.5
-56.6
Apr 2020
-56.6
14.7
-12.7
Mar 2020
-12.7
16.0
36.7
Feb 2020
36.7
8.1
17.0
Jan 2020
17.0
6.3
2.4

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