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.