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Economy

Economic Data (USA)

Thursday, May 17, 2018

Philadelphia Fed Business Outlook Survey for May 2018

Earlier today, the Federal Reserve Bank of Philadelphia released its diffuse index of current manufacturing conditions for this month (May 2018):

Predicted: +21.0
Actual: +34.4

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.
 
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Philadelphia Fed: Current and Future General Activities Indexes - May 2018
Philadelphia Fed: Current and Future General Activities Indexes - May 2018

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Click here to view the full Philadelphia Fed report.

  • Last month, the actual figure was +23.2.

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



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