Philly Fed Business Conditions index in the United States plunged to -10.3 points in May 2023 from -1.50 points in the prior month and compared with market forecasts of -11.3. The latest reading pointed to the third consecutive month of deterioration in business conditions and at the steepest pace since October 2022. source: Federal Reserve Bank of Philadelphia

Philly Fed Business Conditions in the United States averaged 34.65 points from 1968 until 2023, 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. This page includes a chart with historical data for the United States Philly Fed Business Conditions. United States Philly Fed Business Conditions - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.

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United States Philly Fed Business Conditions

Calendar GMT Actual Previous Consensus TEForecast
2023-04-20 12:30 PM Apr -1.5 -8 -11.9
2023-05-18 12:30 PM May -10.3 -1.5 -11.3
2023-06-15 12:30 PM Jun -10.3

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
-10.30 -1.50 91.00 -39.70 1968 - 2023 points Monthly