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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Dec 19, 2024 | -16.4 | 2.9 | -5.5 |
Nov 21, 2024 | -5.5 | 7.4 | 10.3 |
Oct 17, 2024 | 10.3 | 4.2 | 1.7 |
Sep 19, 2024 | 1.7 | -0.8 | -7.0 |
Aug 15, 2024 | -7.0 | 5.4 | 13.9 |
Jul 18, 2024 | 13.9 | 2.7 | 1.3 |
Jun 20, 2024 | 1.3 | 4.8 | 4.5 |
May 16, 2024 | 4.5 | 7.7 | 15.5 |
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- US Philly Fed Manufacturing Index News
Manufacturing activity in the region declined overall, according to the firms responding to the December Manufacturing Business Outlook Survey. The survey’s indicator for current general activity remained negative and fell further, while the indexes for new orders and shipments declined and turned negative. The employment index edged down but continued to suggest increases in employment overall. The prices paid index moved higher, while the prices received index declined; both indexes continue to indicate overall increases in prices. ...
Manufacturing activity in the region softened overall, according to the firms responding to the November Manufacturing Business Outlook Survey. The survey’s indicator for current general activity turned negative, while the indexes for new orders and shipments declined but remained positive. The employment index turned positive, suggesting an increase in employment overall. Both price indexes indicate overall increases in prices and remain near their long-run averages. The firms continue to expect growth over the next six months, with ...
Soft' (Philly Fed & NAHB) and 'Hard' data (Retail Sales, Initial Claims) improved today but manufacturing production shit the bed... chart Ignoring the manufacturing slump, this data reinforced the 'no landing' narrative and pushed rate-cut expectations notably (hawkishly) lower... chart Additionally, The Trump Trade has taken hold of the narrative for now... chart Goldman's Chloe Garber told clients today that Polymarket is priced at 60/40, there is ~1.5% upside to 65/35 odds, and 4% downside to 50/50 odds. "I think there is a ...
Manufacturing activity in the region expanded overall, according to the firms responding to the October Manufacturing Business Outlook Survey. The survey’s indicators for current general activity, new orders, and shipments all rose, with the latter two returning to positive territory this month. The employment index declined and suggested mostly steady employment conditions. Both price indexes edged down but continue to indicate overall increases in prices. Expectations for growth over the next six months were more widespread this ...
Manufacturing activity in the region was mixed overall, according to the firms responding to the September Manufacturing Business Outlook Survey. The survey’s indicator for current general activity turned positive, while the indexes for new orders and shipments declined and turned negative. The employment index rose and suggested increases in employment overall. Both price indexes moved higher and continue to indicate overall increases in prices. The firms continue to expect growth over the next six months, with expectations more ...
No, Goldilocks is not back! Retail Sales soared in August... thanks to massive historical revisions and a surge in Auto sales... but Auto production crashed by the most since COVID lockdowns (lowering GDP expectations)... and homebuilder sentiment slumped... and the Philly Fed business outlook plunged... and the Empire Fed Manufacturing survey remains in contraction for the 9th straight month... and import and export price inflation was hotter than expected... all of which sent the macro surprise index down to 2024 lows... chart ...
Manufacturing activity in the region softened overall, according to the firms responding to the August Manufacturing Business Outlook Survey. The survey’s indicators for current general activity, new orders, and shipments all declined, with the former turning negative. The employment index suggests declines in employment overall. Both price indexes indicate overall increases in prices and remain near their long-run averages. The firms continue to expect growth over the next six months, but expectations were less widespread this ...
Manufacturing activity in the region expanded overall, according to the firms responding to the July Manufacturing Business Outlook Survey. The survey’s indicator for general activity rose, and the indexes for shipments and new orders turned positive. The employment index also turned positive, suggesting an overall increase in employment levels. Both price indexes continued to indicate overall price increases. Most future activity indicators rose, suggesting more widespread expectations for overall growth over the next six months. ...
Released on Dec 19, 2024 |
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Released on Nov 21, 2024 |
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Released on Oct 17, 2024 |
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Released on Sep 19, 2024 |
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Released on Aug 15, 2024 |
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Released on Jul 18, 2024 |
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