Philadelphia Fed Manufacturing Index in the United States increased to 32.30 points in October from 15 points in September of 2020. source: Federal Reserve Bank of Philadelphia

Philadelphia Fed Manufacturing Index in the United States averaged 9.05 points from 1968 until 2020, 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 October of 2020.

Philadelphia Fed Manufacturing Index in the United States is expected to be 10.00 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 15.00 in 12 months time. In the long-term, the United States Philadelphia Fed Manufacturing Index is projected to trend around 5.00 points in 2021, according to our econometric models.

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United States Philadelphia Fed Manufacturing Index

Actual Previous Highest Lowest Dates Unit Frequency
32.30 15.00 58.50 -57.90 1968 - 2020 points Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-07-16 12:30 PM Jul 24.1 27.5 20 17
2020-08-20 12:30 PM Aug 17.2 24.1 21 20
2020-09-17 12:30 PM Sep 15.0 17.2 15 13
2020-10-15 12:30 PM Oct 32.3 15 14 13
2020-11-19 01:30 PM Nov 32.3
2020-12-17 01:30 PM Dec 10


News Stream
Philadelphia Fed Manufacturing Index Highest since February
The Philadelphia Fed Manufacturing Index in the US jumped to 32.3 in October of 2020 from 15 in September, beating market forecasts of 14 and pointing to the strongest increase in manufacturing in Philadelphia since February, before the coronavirus crisis. The survey’s current indicators for general activity, new orders, and shipments all showed notable improvement. Most future indexes increased and continue to reflect optimism among firms about growth over the next six months.
2020-10-15
Philadelphia Fed Manufacturing Index in Line with Forecasts
The Philadelphia Fed Manufacturing Index in the US decreased to 15 in September of 2020 from 17.2 in August, in line with market forecasts. It is the lowest reading since May. The average workweek subindex slowed (7.8 vs 11.3) and price pressures increased for both prices paid (25.1 vs 15.3) and received (18.4 vs 12.4). Inventories also fell more (-10.8 vs -1.9). On the other hand, indicators for new orders (25.5 vs 19), shipments (36.6 vs 9.4), and employment (15.7 vs 9) grew further. Nearly all of the future indexes increased, suggesting more widespread optimism among firms about growth over the next six months.
2020-09-17
Factory Activity in Philadelphia Below Forecasts
The Philadelphia Fed Manufacturing Index in the US decreased to 17.2 in August of 2020 from 24.1 in July, below market forecasts of 21. It is the lowest reading in 3 months. The indicators for new orders (19 vs 23), shipments (9.4 vs 15.3), and employment (9 vs 20.1) remained positive, although all decreased from their readings in July. The survey’s future indexes suggest that firms continue to expect growth in manufacturing activity over the next six months (38.8 vs 36).
2020-08-20
Factory Activity in Philadelphia Above Forecasts
The Philadelphia Fed Manufacturing Index in the US decreased to 24.1 in July of 2020 from 27.5 in June but above market forecasts of 20. The survey’s current indicators for general activity, new orders, and shipments showed positive readings for the second consecutive month, coinciding with the phased reopening of the economy in our region. The employment index reached positive territory for the first time since March. Although future indicators for general activity, new orders, and shipments declined from last month’s readings, the indexes remained elevated, suggesting that the firms expect overall growth over the next six months.
2020-07-16

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.