USA Philadelphia Fed Business Outlook Survey

Description

A monthly survey released by the Federal Reserve Bank of Philadelphia that is used to gauge the business outlook of regional manufacturing industries. Information gathered from the survey is used to develop an index that tracks the performance of the manufacturing economy in the Philadelphia Fed's district.
Latest Release: 18-12-2014 18:00:00
Next Release: 17-10-2013 14:00:00
Source:Federal Reserve Bank of Philadelphia

The Federal Reserve Bank of Philadelphia has published the monthly update to it’s respected Philly Fed indicator series. The headlining number from this collection is the Philly Fed Manufacturing Survey, the September reading has been announced as 22.5 following August’s 28.0 and a market consensus estimate of 23.0 this month.

The Philly Fed indicators are regionally specific but often provide reasonably solid guidance to the overall state of the US economy. In addition to the key Manufacturing Survey the Philly Fed publishes a number of other surveys worth keeping an eye on. The Business Conditions reading has been provided as 56.0 this month in comparison to August’s 66.4, the Employment indicator is now at 21.2 following last month’s 9.1 reading, New Orders are currently standing at 15.50 in comparison to the previous report of 14.70 and finally, the Prices Paid survey is now at 27.00 in comparison to last month’s 24.90.

Back to the broader economy, and earlier in the day the Department of Commerce released updates to the housing market. According to the report there was 0.998M Building Permits issued in the month of August, this is slightly less than the 1.052M provided in July, the market had expected a drop off in the number given the time of year but only to around 1.045M. It...

  • Forex » US Existing Homes Sales Increase
    Posted Aug 21st, 2014 at 05:43 PM

    As the Symposium of global Central Bank officials continues in Jackson Hole, the main market event for the US this week will be the speech on Friday by Federal Reserve Chair, Janet Yellen, addressing...