The Philadelphia Fed Manufacturing Index in the US fell to 23.8 in October of 2021 from 30.7 in September, pointing to a continuing expansion in manufacturing activity although slower than in the previous month. Both price indexes remained elevated and continue to suggest widespread increases in prices. The prices paid gauge was 70.3 vs 67.3 in September and prices received were 51.1 vs 52.9. Also, the new orders index improved (30.8 vs 15.9) and employment edged up (30.7 vs 26.3) while the shipments index held steady (30). Future indexes suggest that firms remained generally optimistic about growth over the next six months (24.2 vs 20). source: Federal Reserve Bank of Philadelphia
Philadelphia Fed Manufacturing Index in the United States averaged 9.42 points from 1968 until 2021, 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 October of 2021.
Philadelphia Fed Manufacturing Index in the United States is expected to be 15.00 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 5.00 points in 2022, according to our econometric models.