Philadelphia Fed Prices Paid Index shows a change in the paid prices for products of manufacturing companies in Philadelphia district. 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 paid prices have increased, decreased or remained at the same level.
The value above 0 is indicates situation improvement.
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.