The Philadelphia Fed Manufacturing Index in the US fell for the third month to 21.9 in July of 2021 from 30.7 in June, the lowest since December and below market forecasts of 28. The firms’ responses continued to suggest ongoing growth in the region’s manufacturing sector this month. The survey’s indicators for general activity, new orders, and shipments remain elevated but declined. The firms also continued to report increases in prices. Most of the survey’s future indexes tempered but continue to indicate overall optimism about growth over the next six months. source: Federal Reserve Bank of Philadelphia

Philadelphia Fed Manufacturing Index in the United States averaged 9.35 points from 1968 until 2021, reaching an all time high of 58.50 points in March of 1973 and a record low of -57.90 points in December of 1974. This page provides the latest reported value for - United States Philadelphia Fed Manufacturing Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Philadelphia Fed Manufacturing Index - data, historical chart, forecasts and calendar of releases - was last updated on July of 2021.

Philadelphia Fed Manufacturing Index in the United States is expected to be 15.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Philadelphia Fed Manufacturing Index in the United States to stand at 5.00 in 12 months time. In the long-term, the United States Philadelphia Fed Manufacturing Index is projected to trend around 5.00 points in 2022, according to our econometric models.

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United States Philadelphia Fed Manufacturing Index

Actual Previous Highest Lowest Dates Unit Frequency
21.90 30.70 58.50 -57.90 1968 - 2021 points Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2021-04-15 12:30 PM Apr 50.2 44.5 42 45
2021-05-20 12:30 PM May 31.5 50.2 43 48
2021-06-17 12:30 PM Jun 30.7 31.5 31 30
2021-07-15 12:30 PM Jul 21.9 30.7 28 29
2021-08-19 12:30 PM Aug
2021-09-16 12:30 PM Sep
2021-10-21 12:30 PM Oct
2021-11-18 01:30 PM Nov


News Stream
Philadelphia Factory Growth at 7-Month Low
The Philadelphia Fed Manufacturing Index in the US fell for the third month to 21.9 in July of 2021 from 30.7 in June, the lowest since December and below market forecasts of 28. The firms’ responses continued to suggest ongoing growth in the region’s manufacturing sector this month. The survey’s indicators for general activity, new orders, and shipments remain elevated but declined. The firms also continued to report increases in prices. Most of the survey’s future indexes tempered but continue to indicate overall optimism about growth over the next six months.
2021-07-15
Philadelphia Factory Growth Eases for 2nd Month
The Philadelphia Fed Manufacturing Index in the US fell for the second month to 30.7 in June of 2021 from 31.5 in May, compared to market forecasts of 31. Still, the reading showed manufacturing activity in the region continued to grow. Indicators for new orders (22.2 vs 32.5) and shipments (27.2 vs 21) remained elevated, although movements were mixed. Additionally, the employment index increased (30.7 vs 19.3) while the price indexes climbed for both prices paid (80.7 vs 76.8) and received (49.7 vs 41). Most future indicators improved, suggesting that more firms expect overall growth over the next six months. The diffusion index for future general activity increased 17 points from its May reading, reaching 69.2, its highest level in nearly 30 years
2021-06-17
Philadelphia Factory Growth Slows More than Expected
The Philadelphia Fed Manufacturing Index in the US fell to 31.5 in May of 2021 from a nearly 50 year high of 50.2 in April and compared to market forecasts of 43. Indicators for new orders (32.5 vs 36) and shipments (21 vs 25.3) declined from April’s readings but remained elevated. Additionally, employment increases were less widespread this month (19.3 vs 30.8), while both price indexes reached long-term highs. Prices paid increased to 76.8 from 69.1 and prices received to 41 from 34.5. Also, most future indexes moderated this month but continue to indicate that the firms expect growth over the next six months.
2021-05-20
Philadelphia Factory Growth Strongest in 50 Years
The Philadelphia Fed Manufacturing Index in the US rose to 50.2 in April of 2021 from a downwardly revised 44.5 in March and beating market forecasts of 42. The reading pointed to the strongest growth in factory activity in Philadelphia in nearly 50 years. The indicators for general activity, shipments, and employment all rose. The firms continued to report increases in prices. The survey’s future indexes indicate continued optimism about growth over the next six months.
2021-04-15

United States Philadelphia Fed Manufacturing Index
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.