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Economic Data (USA)

Thursday, October 19, 2017

Philadelphia Fed Business Outlook Survey for October 2017

Earlier today, the Federal Reserve Bank of Philadelphia released its diffuse index of current manufacturing conditions for this month (October 2017):

Predicted: +20.2
Actual: +27.9

The "actual" figure above is an index of current manufacturing conditions within the Federal Reserve's Third District, which includes eastern Pennsylvania, all of Delaware and the southern half of New Jersey. Any figure below zero implies that manufacturing in the region is contracting, while a figure above zero implies expansion.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

Philadelphia Fed: Current and Future General Activities Indexes
Philadelphia Fed: Current and Future General Activities Indexes


Click here to view the full Philadelphia Fed report.

  • Last month, the actual figure was +23.8.

For a national perspective of manufacturing conditions, check out the Institute of Supply Management's Purchasing Manager's Index (PMI).

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