Philadelphia Fed New Orders Index shows a change in the number of new orders in manufacturing sector in the Philadelphia Fed region. 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.
It is a component of Philadelphia Fed Manufacturing Activity index. The indicator is calculated based on surveys of representative of industrial enterprises in the region who estimate if the number of new orders has increased, decreased or remained at the same level.
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.