Federal Reserve Bank (Fed) of Philadelphia Business Conditions
Low | 56.6 | 26.1 |
36.7
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Last release | Importance | Actual | Forecast |
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39.0 |
56.6
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Next release | Actual | Forecast |
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Philadelphia Fed Business Conditions Outlook characterizes expectations in business conditions in the manufacturing sector in the Philadelphia Federal Reserve zone for the next six months. This region includes Pennsylvania, New Jersey and Delaware.
The forecast value is calculated based on a survey of leading industrial enterprises in the region. In addition to a general assessment of business conditions in the industry, business leaders are asked to assume whether the situation in their companies will improve, worsen or remain unchanged. In particular, respondents assess new orders, shipment, unfilled orders, suppliers' delivery times, inventories, prices paid, prices received, number of employees, average hours worked per week.
The region falling under the responsibility of the Philadelphia Federal Reserve Bank is one of the most economically active regions of the country, that is why its business conditions outlook is often monitored by analysts. The manufacturing sector usually demonstrates a more vivid cyclic nature and reflects current changes earlier than the economy in general. Therefore, expectations of participants of this market serve as a leading indicator of the US economy health.
The index is calculated as a difference between the percentage of positive forecasts and the percentage of negative ones. If the final index value is positive, it means that business situation expectations in the region have improved. Readings below zero indicate worsening of business sentiment in the manufacturing segment of the economy.
However, the Philadelphia Fed Business Outlook rarely causes the volatility of dollar quotes.
Last values:
actual data
forecast
The chart of the entire available history of the "Federal Reserve Bank (Fed) of Philadelphia Business Conditions" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.