United States Philadelphia Fed Manufacturing Index

Last Release

Oct 31, 2024

Actual

10.3

Units In

Points

1.7

Frequency

Monthly

Next Release

Nov 21, 2024

Time to Release

1 Months 2 Days 13 Hours

Highest	Lowest	Average	Date Range	Source
58.5 Mar 1973	-57.9 Dec 1974	8.87 Points	1968-2024	Federal Reserve Bank of Philadelphia

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.

Latest Updates

The Philadelphia Fed Manufacturing Index in the US soared to 10.3 in October 2024, a significant jump from September's 1.7 and surpassing the expected 3. Current general activity, new orders, and shipments all experienced growth, with new orders and shipments returning to positive levels. However, the employment index decreased, indicating stable employment conditions. Price indexes slightly decreased, yet still point to overall price increases. Future growth expectations for the next six months improved, as most indicators rose, signaling widespread optimism.