Philadelphia Fed Manufacturing Index in the United States decreased to 0.30 Index Points in June from 16.60 Index Points in May of 2019. This is the lowest reading since February, when the index fell below zero for one month as the indexes for current activity, new orders, shipments, and employment decreased from their May readings but remained positive. The current new orders index decreased 3 points, while the shipments index fell 11 points. On balance, the firms continued to report increases in employment. The current prices received index, reflecting the manufacturers’ own prices, declined nearly 17 points to a reading of 0.6, its lowest reading since October 2016. Philadelphia Fed Manufacturing Index in the United States averaged 9.09 Index Points from 1968 until 2019, 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 10.50 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 11.00 in 12 months time. In the long-term, the United States Philadelphia Fed Manufacturing Index is projected to trend around 5.00 Index Points in 2020, according to our econometric models.