The Philadelphia Fed Manufacturing Index in the US increased to 23.2 in January of 2022 from a 1-year low of 15.4 in December and above market expectations of 20. The survey’s indicators for general activity, shipments, and new orders posted modest increases after falling sharply last month. The employment index remained positive but decreased. The price indexes remained elevated. Responding firms remained generally optimistic about growth over the next six months. source: Federal Reserve Bank of Philadelphia

Philadelphia Fed Manufacturing Index in the United States averaged 9.50 points from 1968 until 2022, 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 January of 2022.

Philadelphia Fed Manufacturing Index in the United States is expected to be 12.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Philadelphia Fed Manufacturing Index is projected to trend around 5.00 points in 2023, according to our econometric models.

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United States Philadelphia Fed Manufacturing Index


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.
Actual Previous Highest Lowest Dates Unit Frequency
23.20 15.40 58.50 -57.90 1968 - 2022 points Monthly
SA

Calendar GMT Actual Previous Consensus TEForecast
2021-12-16 01:30 PM Dec 15.4 39 30 32
2022-01-20 01:30 PM Jan 23.2 15.4 20 18
2022-02-17 01:30 PM Feb 23.2


Related Last Previous Unit Reference
Philadelphia Fed Manufacturing Index 23.20 15.40 points Jan/22
Leading Economic Index 131.39 130.70 points Nov/21
Philly Fed Prices Paid 72.50 66.10 points Jan/22
Philly Fed New Orders 17.90 13.70 points Jan/22
Philly Fed Employment 26.10 33.90 points Jan/22
Philly Fed CAPEX Index 26.20 20.00 points Jan/22
Philly Fed Business Conditions 28.70 19.00 points Jan/22


News Stream
Factory Activity in Philadelphia Above Forecasts
The Philadelphia Fed Manufacturing Index in the US increased to 23.2 in January of 2022 from a 1-year low of 15.4 in December and above market expectations of 20. The survey’s indicators for general activity, shipments, and new orders posted modest increases after falling sharply last month. The employment index remained positive but decreased. The price indexes remained elevated. Responding firms remained generally optimistic about growth over the next six months.
2022-01-20
Factory Activity in Philadelphia Below Forecasts
The Philadelphia Fed Manufacturing Index in the US fell to 15.4 in December of 2021 from a seven-month high of 39 in November and well below market forecasts of 30. The reading pointed to the weakest growth in factory activity in Philadelphia since December last year. The survey’s indicators for general activity, shipments, and new orders all declined to their lowest readings in 2021 but remained positive this month. However, the employment index improved somewhat. Both price indexes declined but remained elevated. The survey’s future general activity and new orders indexes moderated, but the surveyed firms remained generally optimistic about growth over the next six months.
2021-12-16
Factory Activity in Philadelphia Beats Forecasts
The Philadelphia Fed Manufacturing Index in the US rose to 39 in November of 2021 from 23.8 in October and beating market forecasts of 24. The reading pointed to the strongest growth in factory activity in Philadelphia since April. The survey’s current indicators for general activity, shipments, and new orders all rose from October’s readings. The employment index declined but remained elevated, and price indexes indicate more widespread price increases. The future indexes continue to indicate that the firms expect growth over the next six months.
2021-11-18