- Prior -0.4
Details:
- New orders 27.3 versus -1.7 prior
- Shipments 14.9 versus 4.9 last month
- Unfilled orders 10.5 versus -2.5 last month
- Delivery times 10.8 versus -10.4 last month
- Inventories 23.0 versus 6.6 last month
- Prices paid 53.2 versus 47.9 prior
- Prices received 20.3 versus 26.3 last month
- Number of employees 7.9 versus -2.8 prior
- Average employee workweek -6.5 versus 1.2 last month
Six-months from now indicators:
- 6 month index 50.2 vs 53.2 prior
- Capex index 6-month forward 41.2 versus 30.9 last month
- New orders 60.8 versus 53.5 last month
- Shipments 60.3 versus 45.7 last month
- Unfilled orders 17.3 versus 19.2 last month
- Delivery times 2.5 versus 1.0 last month
- Inventories 10.0 versus 11.8 last month
- Prices paid 63.2 versus 70.0 last month
- Prices received 67.2 versus 60.5 last month
- Number of employees 30.8 versus 31.7 last month
- Average employee workweek 34.3 versus 18.4 last month
What is the Philly Fed Index?
The Philadelphia Fed Manufacturing Survey, also known as the Philly Fed Index, is one of the earliest monthly indicators of manufacturing sector health in the United States. Published by the Federal Reserve Bank of Philadelphia, it surveys manufacturers in the Third Federal Reserve District, covering eastern Pennsylvania, southern New Jersey, and Delaware. Readings above zero indicate expanding activity, while readings below zero signal contraction. The survey is closely watched by economists and market participants because it often serves as a leading indicator for the national ISM Manufacturing Index released later each month.
This article was written by Greg Michalowski at investinglive.com.
