The Philadelphia Fed Manufacturing Index in the United States fell to 12.9 in November of 2018 from 22.2 in October. Figures came below market expectations of 20, reaching the lowest level in three months. A slowdown was seen in new orders (9.1 from 19.3), shipments (21.6 from 24.5), employment (16.3 from 19.5) and average workweek (6.3 from 20.8). Also, prices received eased (21.9 from 24.1) and prices paid went up (39.3 from 38.2). On the other hand, inventories rebounded (9.5 from -0.8). The 6-month outlook also declined (27.2 from 33.8). Philadelphia Fed Manufacturing Index in the United States averaged 9.09 Index Points from 1968 until 2018, reaching an all time high of 58.50 Index Points in March of 1973 and a record low of -57.90 Index Points in December of 1974.
Philadelphia Fed Manufacturing Index in the United States is expected to be 21.00 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Philadelphia Fed Manufacturing Index in the United States to stand at 10.00 in 12 months time. In the long-term, the United States Philadelphia Fed Manufacturing Index is projected to trend around 16.00 Index Points in 2020, according to our econometric models.