Philly Fed New Orders in the United States increased to 14.40 points in January from 5.70 points in December of 2025. Philly Fed New Orders in the United States averaged 9.39 points from 1968 until 2026, reaching an all time high of 56.20 points in March of 1973 and a record low of -70.40 points in April of 2020. source: Federal Reserve Bank of Philadelphia

Related	Last	Previous	Unit	Reference
Coincident Index	148.70	148.70	points	Dec 2025
Philadelphia Fed Manufacturing Index	12.60	-8.80	points	Jan 2026
Philly Fed Business Conditions	25.50	38.10	points	Jan 2026
Philly Fed CAPEX Index	30.30	29.10	points	Jan 2026
Philly Fed Employment	9.70	13.00	points	Jan 2026
Philly Fed New Orders	14.40	5.70	points	Jan 2026
Philly Fed Prices Paid	46.90	49.30	points	Jan 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.