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. source: Federal Reserve Bank of Philadelphia

Philadelphia Fed Manufacturing Index in the United States averaged 9.08 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 January of 2021.

Philadelphia Fed Manufacturing Index in the United States is expected to be 22.00 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
11.10 26.30 58.50 -57.90 1968 - 2020 points Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
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 26.3 32.3 22 25
2020-12-17 01:30 PM Dec 11.1 26.3 20 22
2021-01-21 01:30 PM Jan 11.1 12 12
2021-02-18 01:30 PM Feb
2021-03-18 12:30 PM Mar
2021-04-15 12:30 PM Apr
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
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
Philadelphia Manufacturing Growth Slows in November
The Philadelphia Fed Manufacturing Index in the US fell to 26.3 in November of 2020 from 32.3 in October which was the highest since February, before the coronavirus crisis. Figures came above market expectations of 22. Indicators for general activity, new orders, and shipments remained positive for the sixth consecutive month but fell from their readings in October. However, employment increases were more widespread this month. Most future indexes also moderated this month but continue to indicate that firms expect growth over the next six months.
2020-11-19
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

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.