Federal Reserve Bank (Fed) of Philadelphia New Orders

Country:
United States
USD, US dollar
Sector:
Business
Low 32.5 12.9
36.0
Last release Importance Actual Forecast
Previous
14.0
32.5
Next release Actual Forecast
Previous
  • Overview
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Philadelphia Fed New Orders Index shows a change in the number of new orders received by leading manufacturers in the Philadelphia Fed region. This region includes Pennsylvania, New Jersey and Delaware, i.e. states with high economic activity. So, this index often correlates with the national one.

The index of new orders is calculated based on a survey of leading manufacturing companies in the region. Business leaders are asked to assess whether the situation in their companies has improved, worsened or remained unchanged. In addition to new orders, the survey also includes an assessment of the number of unfilled orders, shipment, delivery times, inventories, prices received, number of employees, average hours worked per week. Also, respondents are asked to assess the overall level of business activity in their sector. Answers in two time intervals are expected: evaluation of the last month and a forecast for the next six months.

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 prices paid by manufacturers have increased on the average across the region. Readings below zero indicate a decrease in the prices paid.

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 the index of new orders is usually monitored by analysts and considered to be an indirect leading indicator of the US economy state. An increase in the number of new orders can be a leading indicator of production activity in the region, since it causes a near-term production growth.

Dynamics of the Philadelphia Fed New Orders 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 New Orders" 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
May 2021
32.5
12.9
36.0
Apr 2021
36.0
11.9
38.2
Mar 2021
50.9
49.4
23.4
Feb 2021
23.4
-12.1
30.0
Jan 2021
30.0
-39.2
1.9
Dec 2020
2.3
0.6
37.9
Nov 2020
37.9
37.9
42.6
Oct 2020
42.6
38.8
25.5
Sep 2020
25.5
39.0
19.0
Aug 2020
19.0
-15.0
23.0
Jul 2020
23.0
-5.4
16.7
Jun 2020
16.7
-60.8
-25.7
May 2020
-25.7
-69.7
-70.9
Apr 2020
-70.9
5.0
-15.5
Mar 2020
-15.5
15.5
33.6
Feb 2020
33.6
13.7
18.2
Jan 2020
18.2
20.0
11.1
Dec 2019
9.4
21.3
8.4
Nov 2019
8.4
25.7
26.2
Oct 2019
26.2
22.5
24.8
Sep 2019
24.8
16.9
25.8
Aug 2019
25.8
11.5
18.9
Jul 2019
18.9
12.3
8.3
Jun 2019
8.3
17.8
11.0
May 2019
11.0
19.3
15.7
Apr 2019
15.7
20.2
1.9
Mar 2019
1.9
21.9
-2.4
Feb 2019
-2.4
23.1
21.3
Jan 2019
21.3
22.1
13.3
Dec 2018
14.5
23.5
9.1
Nov 2018
9.1
18.2
19.3
Oct 2018
19.3
26.6
21.4
Sep 2018
21.4
21.5
9.9
Aug 2018
9.9
30.4
31.4
Jul 2018
31.4
30.0
17.9
Jun 2018
17.9
30.0
40.6
May 2018
40.6
15.7
18.4
Apr 2018
18.4
30.4
35.7
Mar 2018
35.7
19.6
24.5
Feb 2018
24.5
11.5
10.1
Jan 2018
10.1
36.0
28.2
Dec 2017
29.8
22.3
21.4
Nov 2017
21.4
10.1
19.6
Oct 2017
19.6
19.3
29.5
Sep 2017
29.5
19.3
20.4
Aug 2017
20.4
0.0
2.1
Jul 2017
2.1
25.9
Jun 2017
25.9
25.4
May 2017
25.4
27.4
Apr 2017
27.4
38.6

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