2017 Economic Calendar
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Philadelphia Fed Business Outlook Survey  
Released On 9/21/2017 8:30:00 AM For Sep, 2017
PriorConsensusConsensus Range
General Business Conditions Index - Level18.9 18.0 12.0  to 20.0 

Recent History Of This Indicator
The Philadelphia Fed's manufacturing sample has been draining the dictionary of superlatives since late last year, showing enormous strength even at the same time that hard data on the factory sector have been mixed. The sample in August reported another month of very sharp growth in new orders and the largest build in backlog orders in 25 years. The Mid-Atlantic states were not affected directly by Hurricane Harvey but prices and delivery times could show pressure as they did in the Empire State report. The September consensus for the Philly Fed index is 18.0 vs August's 18.9.

The general conditions index from this business outlook survey is a diffusion index of manufacturing conditions within the Philadelphia Federal Reserve district. This survey, widely followed as an indicator of manufacturing sector trends, is correlated with the ISM manufacturing index and the index of industrial production.  Why Investors Care
The Philadelphia Fed''s business outlook survey is a good leading indicator for the index of industrial production. It is reported in the third week of the month and thus has a lead time of nearly three weeks.
Data Source: Haver Analytics

2017 Release Schedule
Released On: 1/192/163/164/205/186/157/208/179/2110/1911/1612/21
Release For: JanFebMarAprMayJunJulAugSepOctNovDec

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