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United States Philadelphia Federal Reserve Business Conditions

United States Philadelphia Federal Reserve Business Conditions

Actual: 52.8
Previous: 43.1
Release Date: Jan 21, 2021
Currency: USD
Country: United States
Source Of Report: Federal Reserve Bank of Philadelphia

The Philadelphia Fed Index, also known as the Business Outlook Survey, is a survey produced by the Federal Reserve Bank of Philadelphia which questions manufacturers on general business conditions. The index covers the Philadelphia, New Jersey, and Delaware region. Higher survey figures suggest higher production, which contribute to economic growth. Results are calculated as the difference between percentage scores with zero acting as the centerline point. As such, values greater than zero indicate growth, while values less than zero indicate contraction. A higher than expected number should be taken as positive to the USD, while a lower than expected number as negative.

Release Date Actual Forecast Previous
Jan 21, 2021 (Jan) 52.8 43.1
Nov 19, 2020 (Nov) 62.7
Oct 15, 2020 (Oct) 62.7 56.6
Sep 17, 2020 (Sep) 56.6 38.8
Aug 20, 2020 (Aug) 38.8 36.0
Jul 16, 2020 (Jul) 36.0 66.3

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