US Philly Fed Manufacturing Index
It's a leading indicator of economic health - businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment;
Above 0.0 indicates improving conditions, below indicates worsening conditions;
- US Philly Fed Manufacturing Index Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
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Jun 20, 2024 | 1.3 | 4.8 | 4.5 |
May 16, 2024 | 4.5 | 7.7 | 15.5 |
Apr 18, 2024 | 15.5 | 1.5 | 3.2 |
Mar 21, 2024 | 3.2 | -2.6 | 5.2 |
Feb 15, 2024 | 5.2 | -8.0 | -10.6 |
Jan 18, 2024 | -10.6 | -6.6 | -10.5 |
Dec 21, 2023 | -10.5 | -3.3 | -5.9 |
Nov 16, 2023 | -5.9 | -10.4 | -9.0 |
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- US Philly Fed Manufacturing Index News
- From zerohedge.com|Jun 20, 2024
Jobless claims not good, housing data bad, Philly Fed ugly... and that meant the US macro surprise index plunged to early-2019 lows... near the lowest level since 2016... chart Source: Bloomberg. But that 'bad news' had no (good news) influence on rate-cut expectations (which worsened marginally).... chart Source: Bloomberg. Treasury yields ended the day marginally higher after recovering from the spike early on after claims data... chart Source: Bloomberg. That 'bad news' was also bad news for the momo names too as The Dow ...
- From philadelphiafed.org|Jun 20, 2024
Manufacturing activity in the region was mostly steady overall, according to the firms responding to the June Manufacturing Business Outlook Survey. The survey’s indicator for general activity edged lower but remained positive, while the indexes for shipments and new orders remained negative. The employment index increased but remained negative, continuing to suggest an overall decline in employment levels. Both price indexes continued to indicate overall price increases. Most future activity indicators remained positive but suggest ...
- From philadelphiafed.org|May 16, 2024
Manufacturing activity in the region weakened overall, according to the firms responding to the May Manufacturing Business Outlook Survey. The survey’s indicators for current general activity, new orders, and shipments all declined, with the latter two turning negative. The employment index suggests declines in employment overall. Both price indexes indicate overall increases in prices but remain below their long-run averages. The firms continue to expect growth over the next six months. The diffusion index for current general ...
- From philadelphiafed.org|Apr 18, 2024
Manufacturing activity in the region continued to expand this month, according to the firms responding to the April Manufacturing Business Outlook Survey. The survey’s indicators for general activity, new orders, and shipments all rose. However, the employment index remained negative. Both price indexes continue to suggest overall price increases. Most future activity indicators declined but continue to suggest that firms expect growth over the next six months. The diffusion index for current general activity rose 12 points to 15.5 ...
- From philadelphiafed.org|Mar 21, 2024|1 comment
Manufacturing activity in the region continued to expand overall, according to the firms responding to the March Manufacturing Business Outlook Survey. The survey’s indicator for general activity edged lower but remained positive, while the index for shipments ticked up and the index for new orders turned positive. The employment index remained negative, continuing to suggest a decline in overall employment levels. Both price indexes fell and remained below their long-run averages. Future activity indicators rose, suggesting more ...
- From think.ing.com|Feb 15, 2024
January’s US retail sales report looks soft, falling 0.8% month-on-month versus the 0.2% drop expected while December's growth rate was revised down to +0.4% MoM from +0.6%. The 'control group', which excludes volatile items such as autos, food service, gasoline and building supplies, has a better correlation with broader consumer spending trends – remember retail sales is only around 45% of total consumer spending – fell 0.4% MoM versus expectations of a 0.2% increase. With inflation coming in on the hot side earlier in the week, ...
- From philadelphiafed.org|Feb 15, 2024
Manufacturing activity in the region expanded overall, according to the firms responding to the February Manufacturing Business Outlook Survey. The survey’s indicators for current general activity and shipments rose and turned positive. The indicator for new orders also rose but remained negative. The employment index suggests declines in employment overall. Both price indexes indicate overall increases in prices but remain below their long-run averages. The survey’s broad indicators for future activity rose, suggesting more ...
- From econoday.com|Jan 18, 2024
On Tuesday, January 16, the general business conditions index in the New York Fed’s Empire State survey of manufacturing plunged 29.2 points to minus 43.7 in the January report. On Thursday, January 18, the Philadelphia Fed’s manufacturing business outlook survey saw its general business conditions index rise 2.2 points to minus 10.6. How to reconcile that two neighboring Fed districts see such different results? And what are the implications for overall conditions in the factory sector? First to note is that the New York index has a ...
Released on Jun 20, 2024 |
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Released on May 16, 2024 |
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Released on Apr 18, 2024 |
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Released on Mar 21, 2024 |
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Released on Feb 15, 2024 |
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Released on Jan 18, 2024 |
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