Federal Reserve Bank (Fed) of Philadelphia Prices Paid

Country:
United States
USD, US dollar
Sector:
Business
Low 80.7 86.4
76.8
Last release Importance Actual Forecast
Previous
90.6
80.7
Next release Actual Forecast
Previous
  • Overview
  • Chart
  • History
  • Widget

Philadelphia Fed Prices Paid Index shows a change in the prices for goods and services paid by leading manufacturing companies in Philadelphia district. 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 Prices Paid index 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 prices paid for materials, goods and services in the production process, the survey also includes an assessment of new and 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 its indices are often monitored by analysts and considered to be indirect leading indicators of the US economy state. An increase in prices paid can be a leading indicator of inflation in the region, since it causes a near-term rise in prices for final products.

Dynamics of the Philadelphia Fed Prices Paid 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 Prices Paid" 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
Jun 2021
80.7
86.4
76.8
May 2021
76.8
79.2
69.1
Apr 2021
69.1
69.6
72.6
Mar 2021
75.9
43.0
54.4
Feb 2021
54.4
34.5
45.4
Jan 2021
45.4
28.5
24.9
Dec 2020
27.1
34.9
38.9
Nov 2020
38.9
32.6
28.5
Oct 2020
28.5
21.8
25.1
Sep 2020
25.1
11.2
15.3
Aug 2020
15.3
2.5
15.7
Jul 2020
15.7
-3.5
11.1
Jun 2020
11.1
-7.8
3.2
May 2020
3.2
-1.3
-9.3
Apr 2020
-9.3
12.1
4.8
Mar 2020
4.8
16.1
16.4
Feb 2020
16.4
16.7
22.1
Jan 2020
22.1
16.1
15.9
Dec 2019
19.0
16.7
7.8
Nov 2019
7.8
24.9
16.8
Oct 2019
16.8
23.3
33.0
Sep 2019
33.0
14.5
12.8
Aug 2019
12.8
14.5
16.1
Jul 2019
16.1
18.0
12.9
Jun 2019
12.9
22.5
23.1
May 2019
23.1
20.7
21.6
Apr 2019
21.6
20.8
19.7
Mar 2019
19.7
2.0
21.8
Feb 2019
21.8
35.8
32.7
Jan 2019
32.7
39.4
38.9
Dec 2018
38.0
39.6
39.3
Nov 2018
39.3
39.7
38.2
Oct 2018
38.2
48.4
39.6
Sep 2018
39.6
62.0
55.0
Aug 2018
55.0
58.8
62.9
Jul 2018
62.9
55.8
51.8
Jun 2018
51.8
63.3
52.6
May 2018
52.6
62.4
56.4
Apr 2018
56.4
50.5
42.6
Mar 2018
42.6
37.5
45.0
Feb 2018
45.0
20.5
32.9
Jan 2018
32.9
33.5
27.8
Dec 2017
25.4
37.7
39.0
Nov 2017
39.0
31.2
38.1
Oct 2017
38.1
29.0
34.4
Sep 2017
34.4
20.4
21.1
Aug 2017
21.1
21.5
19.1
Jul 2017
19.1
23.6
Jun 2017
23.6
24.2
May 2017
24.2
33.7

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