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Economy

Economic Data (USA)

Thursday, August 15, 2019

Philadelphia Fed Business Outlook Survey for August 2019

Earlier today, the Federal Reserve Bank of Philadelphia released its diffuse index of current manufacturing conditions for this month (August 2019):

Predicted: +11.1
Actual: +16.8

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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Chart: Philadelphia Fed Current and Future General Activities Indexes - August 2019
Chart: Philadelphia Fed Current and Future General Activities Indexes - August 2019

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  • Last month, the actual figure was +21.8.

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



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