The Philadelphia Fed manufacturing diffusion index for future general activity rose 0.8 points from the prior month to 40.8 in April 2026. Philly Fed Business Conditions in the United States averaged 33.78 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
2026-03-19 12:30 PM
Philly Fed Business Conditions
Mar 40.0 42.8
2026-04-16 12:30 PM
Philly Fed Business Conditions
Apr 40.8 40.0
2026-05-21 12:30 PM
Philly Fed Business Conditions
May 40.8


Related Last Previous Unit Reference
Coincident Index 147.80 148.70 points Jan 2026
Philadelphia Fed Manufacturing Index 26.70 18.10 points Apr 2026
Philly Fed Business Conditions 40.80 40.00 points Apr 2026
Philly Fed CAPEX Index 35.20 25.80 points Apr 2026
Philly Fed Employment -5.10 0.80 points Apr 2026
Philly Fed New Orders 33.00 8.60 points Apr 2026
Philly Fed Prices Paid 59.30 44.70 points Apr 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
40.80 40.00 91.00 -39.70 1968 - 2026 points Monthly
SA