The Philadelphia Fed Manufacturing Index in the US jumped to 51.8 in March of 2021 from 23.1 in February, beating market forecasts of 23. The reading pointed to the strongest growth in factory activity in Philadelphia in nearly 50 years. The indicators for general activity and new orders rose sharply, and the shipments and employment indexes also increased. Price pressures also rose. All of the survey’s indexes for future conditions increased, as the firms indicated more widespread optimism about growth over the next six months. source: Federal Reserve Bank of Philadelphia

Philadelphia Fed Manufacturing Index in the United States averaged 9.18 points from 1968 until 2021, reaching an all time high of 58.50 points in March of 1973 and a record low of -57.90 points in December of 1974. This page provides the latest reported value for - United States Philadelphia Fed Manufacturing Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Philadelphia Fed Manufacturing Index - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.

Philadelphia Fed Manufacturing Index in the United States is expected to be 24.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Philadelphia Fed Manufacturing Index in the United States to stand at 5.00 in 12 months time. In the long-term, the United States Philadelphia Fed Manufacturing Index is projected to trend around 5.00 points in 2022, according to our econometric models.

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United States Philadelphia Fed Manufacturing Index

Actual Previous Highest Lowest Dates Unit Frequency
51.80 23.10 58.50 -57.90 1968 - 2021 points Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-12-17 01:30 PM Dec 11.1 26.3 20 22
2021-01-21 01:30 PM Jan 26.5 9.1 12 12
2021-02-18 01:30 PM Feb 23.1 26.5 20 23
2021-03-18 12:30 PM Mar 51.8 23.1 23 24
2021-04-15 12:30 PM Apr 51.8 42 45
2021-05-20 12:30 PM May
2021-06-17 12:30 PM Jun
2021-07-15 12:30 PM Jul


News Stream
Philadelphia Factory Growth Strongest in 50 Years
The Philadelphia Fed Manufacturing Index in the US jumped to 51.8 in March of 2021 from 23.1 in February, beating market forecasts of 23. The reading pointed to the strongest growth in factory activity in Philadelphia in nearly 50 years. The indicators for general activity and new orders rose sharply, and the shipments and employment indexes also increased. Price pressures also rose. All of the survey’s indexes for future conditions increased, as the firms indicated more widespread optimism about growth over the next six months.
2021-03-18
Philadelphia Manufacturing Growth Slows Less than Expected
The Philadelphia Fed Manufacturing Index in the US decreased to 23.1 in February of 2021 from 26.5 in January but above market expectations of 20. The survey’s current indicators for general activity, new orders, and shipments declined from January’s readings but remained elevated. Additionally, employment increases were more widespread this month. Most future indexes moderated this month but continue to indicate that firms expect growth over the next six months.
2021-02-18
Factory Activity in Philadelphia Beats Forecasts
The Philadelphia Fed Manufacturing Index in the US jumped to 26.5 in January of 2021 from a revised 9.1 in December and well above market expectations of 12. It was the highest reading since October, as the index for new orders (30.0 from 1.9 in December) increased to its highest level in three months. Further improvements were seen in shipments (22.7 from 12.0) and employment (22.5 from 5.6), while cost pressures intensified for prices paid (45.4 from 24.9) and received (36.6 from 16.1).
2021-01-21
Factory Activity in Philadelphia Below Forecasts
The Philadelphia Fed Manufacturing Index in the US fell to 11.1 in December of 2020 from 26.3 in November and below market expectations of 20. It was the lowest reading since May. Indicators for general activity, new orders, shipments, and employment remained positive for the seventh consecutive month but fell from their readings in November. Changes in future indexes were mixed but suggest that overall growth is expected to continue over the next six months.
2020-12-17

United States Philadelphia Fed Manufacturing Index
Philadelphia Fed Manufacturing Index is based on The Business Outlook Survey of manufacturers in the Third Federal Reserve District. Participants report the direction of change in overall business activity and in the various measures of activity at their plants: employment, working hours, new and unfilled orders, shipments, inventories, delivery times, prices paid, and prices received. The index above 0 indicates factory-sector growth, below 0 contraction.