Philly Fed New Orders in the United States decreased to 4.30 points in October from 29.20 points in September of 2026. Philly Fed New Orders in the United States averaged 9.53 points from 1968 until 2026, reaching an all time high of 56.20 points in March of 1973 and a record low of -69.90 points in April of 2020. source: Federal Reserve Bank of Philadelphia

Related	Last	Previous	Unit	Reference
Coincident Index	149.90	149.60	points	Aug 2026
Philadelphia Fed Manufacturing Index	20.90	37.80	points	Oct 2026
Philly Fed Business Conditions	33.00	52.90	points	Oct 2026
Philly Fed CAPEX Index	34.90	37.10	points	Oct 2026
Philly Fed Employment	9.10	11.80	points	Oct 2026
Philly Fed New Orders	4.30	29.20	points	Oct 2026
Philly Fed Prices Paid	43.20	48.60	points	Oct 2026

United States Philly Fed New Orders

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.