The Philadelphia Fed Manufacturing Index in the US fell to -9.9 in September of 2022 from 6.2 in August, missing market expectations of 2.8. The indicator for current activity returned to negative territory, the new orders index remained negative, and the shipments index also declined but remained positive. The firms reported continued increases in employment. The price indexes continue to indicate increases in prices overall. Expectations for growth over the next six months were subdued, as the future general activity index improved but remained negative. source: Federal Reserve Bank of Philadelphia
Philadelphia Fed Manufacturing Index in the United States averaged 9.45 points from 1968 until 2022, reaching an all time high of 58.50 points in March of 1973 and a record low of -57.90 points in December of 1974. This page provides the latest reported value for - United States Philadelphia Fed Manufacturing Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Philadelphia Fed Manufacturing Index - data, historical chart, forecasts and calendar of releases - was last updated on September of 2022.
Philadelphia Fed Manufacturing Index in the United States is expected to be -7.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Philadelphia Fed Manufacturing Index is projected to trend around 15.00 points in 2023 and 5.00 points in 2024, according to our econometric models.