2018 Economic Calendar
POWERED BY  econoday logo
U.S. & Intl Recaps   |   Event Definitions   |   Today's Calendar   |   

Philadelphia Fed Business Outlook Survey  
Released On 1/18/2018 8:30:00 AM For Jan, 2018
PriorConsensusConsensus Range
General Business Conditions Index - Level26.2 25.0 21.0  to 31.8 

Recent History Of This Indicator
New acceleration from an already enormously strong rate of growth was December's result for the Philadelphia Fed manufacturing index which is expected to slow a modest 1.2 points in January to 25.0. New orders poured in back in December with backlogs building and shipments moving out the door. Selling prices also showed traction in the last report.

Definition
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
 
[Chart]
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
 
 

2018 Release Schedule
Released On: 1/182/153/154/195/176/217/198/169/2010/1811/1512/20
Release For: JanFebMarAprMayJunJulAugSepOctNovDec
 


powered by  [Econoday]