The Philadelphia Fed Manufacturing Index in the US jumped to 32.3 in October of 2020 from 15 in September, beating market forecasts of 14 and pointing to the strongest increase in manufacturing in Philadelphia since February, before the coronavirus crisis. The survey’s current indicators for general activity, new orders, and shipments all showed notable improvement. Most future indexes increased and continue to reflect optimism among firms about growth over the next six months.
Philadelphia Fed Manufacturing Index in the United States averaged 9.05 points from 1968 until 2020, 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 2020. source: Federal Reserve Bank of Philadelphia
Philadelphia Fed Manufacturing Index in the United States is expected to be 10.00 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 15.00 in 12 months time. In the long-term, the United States Philadelphia Fed Manufacturing Index is projected to trend around 5.00 points in 2021, according to our econometric models.