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United States Philadelphia Fed Manufacturing Index

Discussion in 'Market News' started by Jonathan, Oct 15, 2015.

  1. Jonathan

    Jonathan Forum Member

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    The Philadelphia Fed Manufacturing Index came in at -4.50 in October compared to -6 in September. The new orders and shipments indexes turned negative, labor market indicators weakened and prices of inputs and outputs were near-steady. Although the survey’s future indicators decreased, a minority of firms expect a continued downturn in business activity over the next six months. Philadelphia Fed Manufacturing Index in the United States averaged 8.60 Index Points from 1968 until 2015, reaching an all time high of 58.90 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 reported by the 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. 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.

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