Legend
- High Impact Expected
- Med Impact Expected
- Low Impact Expected
- Non-Economic
Revision
- Green NumberBetter than forecast -or- revised better
- Red NumberWorse than forecast -or- revised worse
- m/mMonth Over Month
- q/qQuarter Over Quarter
- y/yYear Over Year
- K Thousand
- M Million
- B Billion
- T Trillion
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 |
|---|---|---|---|
| May 21, 2026 | -0.4 | 17.6 | 26.7 |
| Apr 16, 2026 | 26.7 | 10.3 | 18.1 |
| Mar 19, 2026 | 18.1 | 8.3 | 16.3 |
| Feb 19, 2026 | 16.3 | 7.5 | 12.6 |
| Jan 15, 2026 | 12.6 | -1.6 | -10.2 |
| Dec 18, 2025 | -10.2 | 2.5 | -1.7 |
| Nov 20, 2025 | -1.7 | 1.0 | -12.8 |
| Oct 16, 2025 | -12.8 | 8.6 | 23.2 |
- Details
Specs
Measures:
Level of a diffusion index based on surveyed manufacturers in Philadelphia;
Usual Effect:
'Actual' greater than 'Forecast' is good for energy prices;
Frequency:
Released monthly, on the third Thursday of the current month;
Derived Via:
Survey of about 250 manufacturers in the Philadelphia Federal Reserve district which asks respondents to rate the relative level of general business conditions;
Also Called:
Philadelphia Fed Business Outlook Survey;
Event Type:
Business Surveys