United States Philadelphia Fed Manufacturing Index

Last Release

Apr 30, 2024

Actual

15.5

Units In

Points

3.2

Frequency

Monthly

Next Release

May 16, 2024

Time to Release

24 Days 9 Hours

Highest	Lowest	Average	Date Range	Source
58.5 Mar 1973	-57.9 Dec 1974	8.91 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 rose 12 points to 15.5 in April 2024, well above market expectations of 1.5. It was the third consecutive positive reading and the highest since April 2022, with the indicators for new orders (12.2 vs 5.4 in March), and shipments (19.1 vs 11.4) rising. The firms continued to indicate an overall decline in employment (-10.7 vs -9.6), and the current price indexes suggest overall price increases. The survey’s broad indicators for future activity fell but remained positive, suggesting continued expectations for growth over the next six months.