Federal Reserve Bank (Fed) of Philadelphia Prices Paid

Country:
United States
USD, US dollar
Sector:
Business
Low 3.2 -1.3
-9.3
Last release Importance Actual Forecast
Previous
-7.8
3.2
Next release Actual Forecast
Previous
  • Overview
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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
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
16.7
7.8
Nov 2019
7.8
24.9
16.8
Oct 2019
16.8
23.3
33
Sep 2019
33
14.5
12.8
Aug 2019
12.8
14.5
16.1
Jul 2019
16.1
18
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
21.8
Feb 2019
21.8
35.8
32.7
Jan 2019
32.7
39.4
38.9
Dec 2018
38
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
55
Aug 2018
55
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
Feb 2018
45
20.5
32.9
Jan 2018
32.9
33.5
27.8
Dec 2017
25.4
37.7
39
Nov 2017
39
31.2
38.1
Oct 2017
38.1
29
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
Apr 2017
33.7
40.7
Mar 2017
40.7
29.9
Feb 2017
29.9
32.5
Jan 2017
32.5
29.4
Dec 2016
29.4
27.5
Nov 2016
27.5
7
Oct 2016
7
20.6
Sep 2016
20.6
19.7
Aug 2016
19.7
9.9
Jul 2016
9.9
23
Jun 2016
23
15.7
May 2016
15.7
13.2
Apr 2016
13.2
-0.9

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