The Philadelphia Fed Manufacturing Index in the US rose to 30.7 in September of 2021 from 19.4 in August, above forecasts of 18.8, suggesting general activity expanded faster. Also, the gauge for shipments improved (29.9 vs 18.9 in August), while the new orders (15.9 vs 22.8) and employment (26.3 vs 32.6) indexes softened somewhat. The indicators for prices paid (67.3 vs 71.2) and prices received (52.9 vs 53.9) remained elevated. The survey’s future indexes indicate that respondents continue to expect growth over the next six months, although the future general activity and new orders indexes continued to trend lower. source: Federal Reserve Bank of Philadelphia
Philadelphia Fed Manufacturing Index in the United States averaged 9.40 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 September of 2021.
Philadelphia Fed Manufacturing Index in the United States is expected to be 20.00 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 2022, according to our econometric models.