United States Philadelphia Fed Manufacturing Index

The Philadelphia Fed Manufacturing Index in the United States slumped to -4.1 in February of 2019 from 17 in January and well below market expectations of 14. It is the lowest reading since May of 2016, due to falls in new orders (-2.4 from 21.3) and shipments (-5.3 from 11.4) and a slowdown in the average workweek (4.7 from 6). On the other hand, employment increased (14.5 from 9.6); prices paid eased (21.8 from 32.7) while prices received rose faster (27.7 from 24.8); and inventories rebounded (3.3 from -7.6). The 6-month outlook edged up to 31.3 from 31.2. Philadelphia Fed Manufacturing Index in the United States averaged 9.08 Index Points from 1968 until 2019, reaching an all time high of 58.50 Index Points in March of 1973 and a record low of -57.90 Index Points in December of 1974.

Philadelphia Fed Manufacturing Index in the United States is expected to be 9.00 Index 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 18.00 in 12 months time. In the long-term, the United States Philadelphia Fed Manufacturing Index is projected to trend around 16.00 Index Points in 2020, according to our econometric models.

United States Philadelphia Fed Manufacturing Index

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Calendar	GMT		Actual	Previous	Consensus	TEForecast
2018-11-15	01:30 PM	Philadelphia Fed Manufacturing Index	12.9	22.2	20	22
2018-12-20	01:30 PM	Philadelphia Fed Manufacturing Index	9.4	12.9	15	18
2019-01-17	01:30 PM	Philadelphia Fed Manufacturing Index	17.0	9.1	10	10
2019-02-21	01:30 PM	Philadelphia Fed Manufacturing Index	-4.1	17	14	12
2019-03-21	12:30 PM	Philadelphia Fed Manufacturing Index		-4.1	4.5	9
2019-04-18	12:30 PM	Philadelphia Fed Manufacturing Index
2019-05-16	12:30 PM	Philadelphia Fed Manufacturing Index

United States Business	Last	Previous	Highest	Lowest	Unit
Business Confidence	54.20	56.60	77.50	29.40	Index Points	[+]
Manufacturing PMI	53.00	54.90	57.90	50.70		[+]
Services PMI	56.00	54.20	61.00	49.30	Index Points	[+]
Non Manufacturing PMI	59.70	56.70	62.00	37.80		[+]
Composite Pmi	55.50	54.40	61.00	50.00	Index Points	[+]
Industrial Production	3.50	3.90	62.00	-33.70	percent	[+]
Industrial Production Mom	0.10	-0.40	16.60	-10.40	percent	[+]
Manufacturing Production	1.00	2.80	67.90	-39.40	percent	[+]
Capacity Utilization	78.23	78.26	89.39	66.71	percent	[+]
Durable Goods Orders	0.40	1.30	23.50	-19.00	percent	[+]
Durable Goods Orders Ex Defense	0.70	2.20	26.00	-19.70	percent	[+]
Durable Goods Orders Ex Transportation	-0.10	0.30	7.50	-6.80	percent	[+]
Factory Orders Ex Transportation	-0.60	-1.30	4.60	-7.20	percent	[+]
New Orders	499876.00	499194.00	565232.00	223500.00	USD Million	[+]
Factory Orders	0.10	-0.50	10.60	-10.00	percent	[+]
Business Inventories	0.60	0.00	1.30	-2.00	percent	[+]
Changes in Inventories	97.07	89.77	166.37	-245.13	USD Billion	[+]
Wholesale Inventories	1.10	0.40	2.10	-2.00	percent	[+]
Bankruptcies	22232.00	22103.00	82446.00	19695.00	Companies	[+]
Corporate Profits	2076.82	2007.53	2076.82	14.70	USD Billion	[+]
NFIB Business Optimism Index	101.70	101.20	108.80	80.10	Index Points	[+]
Ism New York Index	61.10	63.40	88.80	23.40	percent	[+]
Philadelphia Fed Manufacturing Index	-4.10	17.00	58.50	-57.90	Index Points	[+]
NY Empire State Manufacturing Index	3.70	8.80	39.00	-34.40	Index Points	[+]
Richmond Fed Manufacturing Index	16.00	-2.00	29.00	-44.00	Index Points	[+]
Chicago Fed National Activity Index	-0.43	0.05	2.77	-5.25		[+]
Dallas Fed Manufacturing Index	13.10	1.00	47.10	-60.10	Index Points	[+]
Chicago Pmi	64.70	56.70	78.60	21.20	Index Points	[+]
Car Production	2.64	2.61	9.92	1.29	Million Units	[+]
Car Registrations	445.50	401.53	1149.00	331.50	Thousand	[+]
Total Vehicle Sales	16.57	16.70	21.77	9.05	Million	[+]
Crude Oil Stocks Change	-3.86	7.07	14.42	-15.22	BBL/1Million	[+]
Natural Gas Stocks Change	-204.00	-149.00	147.00	-359.00	Billion cf	[+]
Gasoline Stocks Change	-4624.00	-4227.00	11456.00	-8428.00	Thousand Barrels	[+]
Leading Economic Index	125.13	124.80	125.13	46.91	Index Points	[+]
Internet Speed	18747.58	17235.62	18747.58	3609.31	KBps	[+]
IP Addresses	128949703.00	127873899.00	146874246.00	89399946.00	IP	[+]
API Crude Oil Stock Change	-2.58	7.29	14.30	-12.40	BBL/1Million	[+]
Crude Oil Rigs	833.00	834.00	1609.00	98.00		[+]
Corruption Index	71.00	75.00	78.00	71.00	Points	[+]
Corruption Rank	22.00	16.00	24.00	14.00		[+]
Competitiveness Index	85.64	84.84	85.64	5.42	Points	[+]
Competitiveness Rank	1.00	1.00	7.00	1.00		[+]
Ease of Doing Business	8.00	6.00	8.00	4.00		[+]
Steel Production	7647.00	7568.00	11951.00	3799.00	Thousand Tonnes	[+]
Mining Production	12.50	15.40	108.20	-28.80	percent	[+]

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. 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 - actual data, historical chart and calendar of releases - was last updated on March of 2019.