Philly Fed Business Conditions in the United States increased to 42.80 points in February from 25.50 points in January of 2026. Philly Fed Business Conditions in the United States averaged 33.76 points from 1968 until 2026, reaching an all time high of 91.00 points in September of 1975 and a record low of -39.70 points in December of 1973. source: Federal Reserve Bank of Philadelphia



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-15 01:30 PM
Philly Fed Business Conditions
Jan 25.5 38.1
2026-02-19 01:30 PM
Philly Fed Business Conditions
Feb 42.8 25.5
2026-03-19 12:30 PM
Philly Fed Business Conditions
Mar 42.8


Related Last Previous Unit Reference
Coincident Index 148.70 148.70 points Dec 2025
Philadelphia Fed Manufacturing Index 16.30 12.60 points Feb 2026
Philly Fed Business Conditions 42.80 25.50 points Feb 2026
Philly Fed CAPEX Index 14.40 30.30 points Feb 2026
Philly Fed Employment -1.30 9.70 points Feb 2026
Philly Fed New Orders 11.70 14.40 points Feb 2026
Philly Fed Prices Paid 38.90 46.90 points Feb 2026


United States Philly Fed Business Conditions
Philadelphia Fed Manufacturing Index is based on The Business Outlook Survey of manufacturers in the Third Federal Reserve District. Participants report the direction of change in overall business activity and in the various measures of activity at their plants: employment, working hours, new and unfilled orders, shipments, inventories, delivery times, prices paid, and prices received. The index above 0 indicates factory-sector growth, below 0 contraction.
Actual Previous Highest Lowest Dates Unit Frequency
42.80 25.50 91.00 -39.70 1968 - 2026 points Monthly
SA