The Philly Fed Business Conditions Index in the United States dropped to 34.4 points in July 2026, the lowest since January, down from 50.2 points in the prior month. Philly Fed Business Conditions in the United States averaged 33.83 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
2026-06-18 12:30 PM
Philly Fed Business Conditions
Jun 50.2 53.2
2026-07-16 12:30 PM
Philly Fed Business Conditions
Jul 34.4 50.2
2026-08-20 12:30 PM
Philly Fed Business Conditions
Aug 34.4


Related Last Previous Unit Reference
Coincident Index 149.20 148.90 points May 2026
Philadelphia Fed Manufacturing Index 41.40 10.30 points Jul 2026
Philly Fed Business Conditions 34.40 50.20 points Jul 2026
Philly Fed CAPEX Index 30.10 41.20 points Jul 2026
Philly Fed Employment 10.00 7.90 points Jul 2026
Philly Fed New Orders 37.00 27.30 points Jul 2026
Philly Fed Prices Paid 53.90 53.20 points Jul 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
34.40 50.20 91.00 -39.70 1968 - 2026 points Monthly
SA