The Philadelphia Fed Manufacturing Index in the US rose to -8.9 in January of 2023 from a revised reading of -13.7 in December, compared to market expectations of -11. It was still the fifth consecutive negative reading and the seventh negative reading in the past eight months. More than 33 percent of the firms reported declines in activity, exceeding the 24 percent that reported increases. The survey’s indicators for general activity, new orders, and shipments rose from last month, but the former two remained negative. The employment index rebounded. The firms reported overall increases in prices: The prices received index remained elevated, while the prices paid index returned to average readings. Most future indicators were positive, but expectations for growth over the next six months were not widespread. source: Federal Reserve Bank of Philadelphia
Philadelphia Fed Manufacturing Index in the United States averaged 9.32 points from 1968 until 2023, 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 February of 2023.
Philadelphia Fed Manufacturing Index in the United States is expected to be -2.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Philadelphia Fed Manufacturing Index is projected to trend around 19.00 points in 2024 and 10.00 points in 2025, according to our econometric models.