Philadelphia Fed Survey
What is the Philadelphia Fed Survey?
The Philadelphia Fed Survey, also known as the Philadelphia Fed Index, tracks regional manufacturing conditions in the Northeastern United States. This survey provides insights on current manufacturing activity and short-term forecast for manufacturing conditions in the area. Survey respondents are asked to report changes in employment, working hours, new and unfilled orders, shipments, inventories, delivery times, and prices from month to month. Respondents are from Eastern PA, Southern NJ, and Delaware.
Why is the Philadelphia Fed Survey valuable?
At its core, the survey provides timely information on current market conditions in the Northeastern United States. Reporting growth within the sector, its driving indicators and lagging ones. It also compares future activity to current activity for the different indicators it follows. The health of the manufacturing sectors is a critical part of overall economic health. Because of this, Philadelphia Fed Survey can be a useful indicator of economic activity across the country.
What should you do?
If you’re interested in how regional manufacturing trends are impacting the U.S. economy, the Philadelphia Fed Survey reports will provide you with the insights you’re after. Majestic’s CORE Report follows the Philadelphia Fed Survey; along with other indicators every week to see where the market stands.