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United States Philly Fed Business Conditions

Price

38.7 Points

Change +/-

+24.9 Points

Percentage Change

+94.86 %

The current value of the Philly Fed Business Conditions in United States is 38.7 Points. The Philly Fed Business Conditions in United States increased to 38.7 Points on 7/1/2024, after it was 13.8 Points on 6/1/2024. From 5/1/1968 to 8/1/2024, the average GDP in United States was 33.82 Points. The all-time high was reached on 9/1/1975 with 91 Points, while the lowest value was recorded on 12/1/1973 with -39.7 Points.

Source: Federal Reserve Bank of Philadelphia

Philly Fed Business Conditions ·

3 years
5 years
10 years
25 Years
Max

Philly Fed Business Climate

	Philly Fed Business Climate
5/1/1968	20 points
6/1/1968	28.5 points
7/1/1968	41 points
8/1/1968	17.4 points
9/1/1968	21.4 points
10/1/1968	40.2 points
11/1/1968	50.3 points
12/1/1968	53.4 points
1/1/1969	43 points
2/1/1969	28.2 points
3/1/1969	35.7 points
4/1/1969	33.7 points
12/1/1969	7.1 points
1/1/1970	23.4 points
2/1/1970	37.8 points
3/1/1970	38.2 points
4/1/1970	56.4 points
5/1/1970	63.5 points
6/1/1970	71.2 points
7/1/1970	64.8 points
8/1/1970	76 points
9/1/1970	70.2 points
10/1/1970	78.6 points
11/1/1970	79.1 points
12/1/1970	74.3 points
1/1/1971	75.2 points
2/1/1971	76.7 points
3/1/1971	76.5 points
4/1/1971	69.3 points
5/1/1971	77.5 points
6/1/1971	71.5 points
7/1/1971	76.4 points
8/1/1971	79.4 points
9/1/1971	82.9 points
10/1/1971	76.1 points
11/1/1971	73.8 points
12/1/1971	77.9 points
1/1/1972	73.7 points
2/1/1972	68.3 points
3/1/1972	62.9 points
4/1/1972	69.3 points
5/1/1972	71.4 points
6/1/1972	69.5 points
7/1/1972	73.6 points
8/1/1972	67.6 points
9/1/1972	66.7 points
10/1/1972	68.7 points
11/1/1972	69.7 points
12/1/1972	79.3 points
1/1/1973	66.4 points
2/1/1973	63.3 points
3/1/1973	53.2 points
4/1/1973	39.9 points
5/1/1973	23 points
6/1/1973	16.3 points
7/1/1973	9.5 points
11/1/1973	3.2 points
4/1/1974	20.6 points
5/1/1974	31.4 points
6/1/1974	25 points
7/1/1974	24.4 points
8/1/1974	29.2 points
9/1/1974	28.7 points
10/1/1974	24.1 points
11/1/1974	16.2 points
12/1/1974	20.7 points
1/1/1975	30.5 points
2/1/1975	34.7 points
3/1/1975	54.2 points
4/1/1975	57.1 points
5/1/1975	63.8 points
6/1/1975	79.4 points
7/1/1975	78.3 points
8/1/1975	85.8 points
9/1/1975	91 points
10/1/1975	88.7 points
11/1/1975	83.6 points
12/1/1975	75.6 points
1/1/1976	75.9 points
2/1/1976	77.3 points
3/1/1976	77 points
4/1/1976	69.6 points
5/1/1976	72.6 points
6/1/1976	65.9 points
7/1/1976	69.6 points
8/1/1976	54.1 points
9/1/1976	69.4 points
10/1/1976	67.8 points
11/1/1976	65.5 points
12/1/1976	71.4 points
1/1/1977	79.6 points
2/1/1977	80 points
3/1/1977	73.8 points
4/1/1977	66.5 points
5/1/1977	57.5 points
6/1/1977	61.3 points
7/1/1977	71.1 points
8/1/1977	52 points
9/1/1977	49.8 points
10/1/1977	39.8 points
11/1/1977	56.4 points
12/1/1977	52.4 points
1/1/1978	42.1 points
2/1/1978	31.6 points
3/1/1978	24.5 points
4/1/1978	30.2 points
5/1/1978	31.1 points
6/1/1978	21 points
7/1/1978	6.7 points
8/1/1978	12.2 points
9/1/1978	3.7 points
11/1/1978	6.8 points
3/1/1980	3.5 points
5/1/1980	7 points
6/1/1980	25.1 points
7/1/1980	36.9 points
8/1/1980	56.4 points
9/1/1980	75.5 points
10/1/1980	66.1 points
11/1/1980	68.5 points
12/1/1980	73.2 points
1/1/1981	54.6 points
2/1/1981	52.4 points
3/1/1981	66.5 points
4/1/1981	66.9 points
5/1/1981	71.8 points
6/1/1981	62.8 points
7/1/1981	69.3 points
8/1/1981	63.8 points
9/1/1981	62.2 points
10/1/1981	53.8 points
11/1/1981	61.9 points
12/1/1981	71.1 points
1/1/1982	68.1 points
2/1/1982	67 points
3/1/1982	48.3 points
4/1/1982	67.3 points
5/1/1982	68.1 points
6/1/1982	66.9 points
7/1/1982	73.7 points
8/1/1982	67.7 points
9/1/1982	82.6 points
10/1/1982	79.6 points
11/1/1982	78.9 points
12/1/1982	72.4 points
1/1/1983	76.9 points
2/1/1983	75.9 points
3/1/1983	77.2 points
4/1/1983	76 points
5/1/1983	83.9 points
6/1/1983	80.4 points
7/1/1983	75.9 points
8/1/1983	82 points
9/1/1983	73 points
10/1/1983	71.5 points
11/1/1983	65.1 points
12/1/1983	61.7 points
1/1/1984	63 points
2/1/1984	63 points
3/1/1984	65.1 points
4/1/1984	58.3 points
5/1/1984	44.3 points
6/1/1984	39.6 points
7/1/1984	40.7 points
8/1/1984	41.4 points
9/1/1984	33.5 points
10/1/1984	42.5 points
11/1/1984	38.7 points
12/1/1984	39.7 points
1/1/1985	41.7 points
2/1/1985	46.2 points
3/1/1985	47.7 points
4/1/1985	42 points
5/1/1985	38.2 points
6/1/1985	16.7 points
7/1/1985	27.2 points
8/1/1985	21.7 points
9/1/1985	30.4 points
10/1/1985	25.5 points
11/1/1985	32.8 points
12/1/1985	29.5 points
1/1/1986	37.8 points
2/1/1986	36.2 points
3/1/1986	27.5 points
4/1/1986	28.4 points
5/1/1986	19.1 points
6/1/1986	32.4 points
7/1/1986	29.7 points
8/1/1986	28.6 points
9/1/1986	24 points
10/1/1986	25.7 points
11/1/1986	26 points
12/1/1986	34.5 points
1/1/1987	29.2 points
2/1/1987	33 points
3/1/1987	23.8 points
4/1/1987	7.7 points
5/1/1987	8.1 points
6/1/1987	23.4 points
7/1/1987	23.2 points
8/1/1987	21.4 points
9/1/1987	23.2 points
10/1/1987	28.8 points
11/1/1987	8.5 points
12/1/1987	32.5 points
1/1/1988	10.5 points
2/1/1988	1.6 points
4/1/1988	10.4 points
5/1/1988	22.6 points
6/1/1988	18.1 points
7/1/1988	24.4 points
8/1/1988	20.9 points
9/1/1988	22.5 points
10/1/1988	12.4 points
11/1/1988	17.6 points
12/1/1988	4.1 points
3/1/1989	0.2 points
4/1/1989	0.2 points
11/1/1989	2.1 points
1/1/1990	9.7 points
3/1/1990	13 points
4/1/1990	13.5 points
5/1/1990	13.8 points
6/1/1990	18.5 points
7/1/1990	5 points
8/1/1990	1.7 points
11/1/1990	6.7 points
12/1/1990	11.8 points
2/1/1991	26.6 points
3/1/1991	39.8 points
4/1/1991	40.6 points
5/1/1991	51.9 points
6/1/1991	59 points
7/1/1991	63.2 points
8/1/1991	66.7 points
9/1/1991	71.7 points
10/1/1991	71.5 points
11/1/1991	64.6 points
12/1/1991	65.4 points
1/1/1992	52.1 points
2/1/1992	57.2 points
3/1/1992	46.8 points
4/1/1992	56 points
5/1/1992	56.3 points
6/1/1992	66.4 points
7/1/1992	52.7 points
8/1/1992	54.6 points
9/1/1992	56.8 points
10/1/1992	55.5 points
11/1/1992	60.5 points
12/1/1992	53 points
1/1/1993	54.7 points
2/1/1993	63.9 points
3/1/1993	47.3 points
4/1/1993	40.1 points
5/1/1993	28.4 points
6/1/1993	32.1 points
7/1/1993	38.4 points
8/1/1993	39.7 points
9/1/1993	37.2 points
10/1/1993	42.3 points
11/1/1993	34.5 points
12/1/1993	47.1 points
1/1/1994	45.5 points
2/1/1994	36.1 points
3/1/1994	45.5 points
4/1/1994	41.8 points
5/1/1994	32.5 points
6/1/1994	29.1 points
7/1/1994	28.9 points
8/1/1994	29.7 points
9/1/1994	29.7 points
10/1/1994	25.9 points
11/1/1994	27.3 points
12/1/1994	12.3 points
1/1/1995	16.6 points
2/1/1995	8.7 points
5/1/1995	14.8 points
6/1/1995	15.3 points
7/1/1995	23.4 points
8/1/1995	28.5 points
9/1/1995	27.4 points
10/1/1995	31.6 points
11/1/1995	29.3 points
12/1/1995	7.3 points
1/1/1996	23.2 points
2/1/1996	28.2 points
3/1/1996	19.8 points
4/1/1996	23.7 points
5/1/1996	28 points
6/1/1996	41.7 points
7/1/1996	38.2 points
8/1/1996	25.6 points
9/1/1996	23.2 points
10/1/1996	21.3 points
11/1/1996	18.5 points
12/1/1996	32.2 points
1/1/1997	26.2 points
2/1/1997	27.8 points
3/1/1997	23.2 points
4/1/1997	23.8 points
5/1/1997	15.4 points
6/1/1997	18.8 points
7/1/1997	14.6 points
8/1/1997	17.3 points
9/1/1997	24.8 points
10/1/1997	28.2 points
11/1/1997	29.7 points
12/1/1997	26.9 points
1/1/1998	18.5 points
2/1/1998	15.6 points
3/1/1998	27.7 points
4/1/1998	22.5 points
5/1/1998	23.9 points
6/1/1998	6.1 points
8/1/1998	5.9 points
9/1/1998	2.5 points
10/1/1998	2.4 points
11/1/1998	10.2 points
12/1/1998	17.3 points
1/1/1999	26.1 points
2/1/1999	25.4 points
3/1/1999	22.1 points
4/1/1999	22.4 points
5/1/1999	24.6 points
6/1/1999	12.5 points
7/1/1999	9.7 points
8/1/1999	20.2 points
10/1/1999	10.8 points
11/1/1999	21.1 points
12/1/1999	27 points
1/1/2000	22 points
2/1/2000	20.2 points
3/1/2000	8 points
4/1/2000	4.1 points
5/1/2000	6.7 points
6/1/2000	8.3 points
7/1/2000	15.9 points
8/1/2000	12.8 points
9/1/2000	20.6 points
10/1/2000	11.4 points
11/1/2000	5.9 points
2/1/2001	8.7 points
3/1/2001	21.8 points
4/1/2001	30.9 points
5/1/2001	32.9 points
6/1/2001	50 points
7/1/2001	34.3 points
8/1/2001	36.8 points
9/1/2001	43.5 points
10/1/2001	47.4 points
11/1/2001	42.4 points
12/1/2001	46.5 points
1/1/2002	58.9 points
2/1/2002	54.9 points
3/1/2002	57.6 points
4/1/2002	54.3 points
5/1/2002	54.4 points
6/1/2002	53.2 points
7/1/2002	50.2 points
8/1/2002	39.9 points
9/1/2002	41.1 points
10/1/2002	49.1 points
11/1/2002	44.8 points
12/1/2002	49.5 points
1/1/2003	39.6 points
2/1/2003	27.5 points
3/1/2003	48.3 points
4/1/2003	49.1 points
5/1/2003	47.8 points
6/1/2003	51.8 points
7/1/2003	58.3 points
8/1/2003	58.4 points
9/1/2003	62 points
10/1/2003	54.9 points
11/1/2003	56.5 points
12/1/2003	49.7 points
1/1/2004	56.2 points
2/1/2004	52.4 points
3/1/2004	41.4 points
4/1/2004	37.5 points
5/1/2004	43.8 points
6/1/2004	40.5 points
7/1/2004	37.7 points
8/1/2004	44.8 points
9/1/2004	44.4 points
10/1/2004	28 points
11/1/2004	47.8 points
12/1/2004	36.7 points
1/1/2005	28.5 points
2/1/2005	26.1 points
3/1/2005	36.1 points
4/1/2005	27.4 points
5/1/2005	21.6 points
6/1/2005	30.5 points
7/1/2005	14.6 points
8/1/2005	25.1 points
9/1/2005	7.6 points
10/1/2005	19 points
11/1/2005	30 points
12/1/2005	39.1 points
1/1/2006	30.5 points
2/1/2006	30.2 points
3/1/2006	22.8 points
4/1/2006	24.8 points
5/1/2006	17.2 points
6/1/2006	5.9 points
7/1/2006	12.4 points
8/1/2006	2.9 points
10/1/2006	14.8 points
11/1/2006	16.5 points
12/1/2006	16.1 points
1/1/2007	24 points
2/1/2007	22.8 points
3/1/2007	23.3 points
4/1/2007	22.7 points
5/1/2007	22.8 points
6/1/2007	11.3 points
7/1/2007	27 points
8/1/2007	30.8 points
9/1/2007	32.3 points
10/1/2007	38.9 points
11/1/2007	21.2 points
12/1/2007	21.9 points
1/1/2008	10.2 points
3/1/2008	5.6 points
4/1/2008	10.6 points
5/1/2008	20 points
6/1/2008	14.3 points
7/1/2008	12.6 points
8/1/2008	22.2 points
9/1/2008	26.5 points
1/1/2009	8.8 points
2/1/2009	17.3 points
3/1/2009	14.4 points
4/1/2009	32.6 points
5/1/2009	43.8 points
6/1/2009	53 points
7/1/2009	50 points
8/1/2009	55.4 points
9/1/2009	47.7 points
10/1/2009	41.7 points
11/1/2009	41.3 points
12/1/2009	33.6 points
1/1/2010	41 points
2/1/2010	35.9 points
3/1/2010	46.4 points
4/1/2010	43 points
5/1/2010	40.2 points
6/1/2010	39.8 points
7/1/2010	28.7 points
8/1/2010	26.2 points
9/1/2010	26.6 points
10/1/2010	41.7 points
11/1/2010	47 points
12/1/2010	47 points
1/1/2011	43.8 points
2/1/2011	41.9 points
3/1/2011	57 points
4/1/2011	35.7 points
5/1/2011	26.2 points
6/1/2011	8.5 points
7/1/2011	28.6 points
8/1/2011	12.6 points
9/1/2011	18.1 points
10/1/2011	26.1 points
11/1/2011	36.4 points
12/1/2011	33.7 points
1/1/2012	43.4 points
2/1/2012	30.3 points
3/1/2012	30.4 points
4/1/2012	39.9 points
5/1/2012	24.9 points
6/1/2012	25.4 points
7/1/2012	21.5 points
8/1/2012	20 points
9/1/2012	31.6 points
10/1/2012	17.1 points
11/1/2012	16.6 points
12/1/2012	22.4 points
1/1/2013	28.8 points
2/1/2013	32 points
3/1/2013	35.5 points
4/1/2013	30.6 points
5/1/2013	39.5 points
6/1/2013	37.2 points
7/1/2013	41.6 points
8/1/2013	38.5 points
9/1/2013	48.8 points
10/1/2013	55.4 points
11/1/2013	42 points
12/1/2013	41.1 points
1/1/2014	38 points
2/1/2014	43.9 points
3/1/2014	42.4 points
4/1/2014	39.3 points
5/1/2014	43.8 points
6/1/2014	53.3 points
7/1/2014	53.6 points
8/1/2014	61.9 points
9/1/2014	46.1 points
10/1/2014	50.8 points
11/1/2014	50.1 points
12/1/2014	47.2 points
1/1/2015	54 points
2/1/2015	35 points
3/1/2015	37.7 points
4/1/2015	39.7 points
5/1/2015	38.1 points
6/1/2015	43.4 points
7/1/2015	40.2 points
8/1/2015	34.9 points
9/1/2015	36.8 points
10/1/2015	34.8 points
11/1/2015	37.5 points
12/1/2015	18.6 points
1/1/2016	18.3 points
2/1/2016	15.8 points
3/1/2016	26.9 points
4/1/2016	39.9 points
5/1/2016	39.7 points
6/1/2016	36.6 points
7/1/2016	36 points
8/1/2016	41.9 points
9/1/2016	37 points
10/1/2016	36.2 points
11/1/2016	29.8 points
12/1/2016	45.5 points
1/1/2017	54.7 points
2/1/2017	50.3 points
3/1/2017	56.4 points
4/1/2017	46.2 points
5/1/2017	40.2 points
6/1/2017	38.3 points
7/1/2017	38.5 points
8/1/2017	42.4 points
9/1/2017	54.1 points
10/1/2017	46.4 points
11/1/2017	47.9 points
12/1/2017	50 points
1/1/2018	45.4 points
2/1/2018	40.1 points
3/1/2018	46.8 points
4/1/2018	43 points
5/1/2018	41.5 points
6/1/2018	38.3 points
7/1/2018	26.8 points
8/1/2018	36.8 points
9/1/2018	36 points
10/1/2018	31.9 points
11/1/2018	26.4 points
12/1/2018	29.1 points
1/1/2019	29.7 points
2/1/2019	29 points
3/1/2019	23.1 points
4/1/2019	22.2 points
5/1/2019	22.3 points
6/1/2019	24.2 points
7/1/2019	33.6 points
8/1/2019	31.8 points
9/1/2019	23.1 points
10/1/2019	32.6 points
11/1/2019	34.4 points
12/1/2019	34.8 points
1/1/2020	38.4 points
2/1/2020	45.4 points
3/1/2020	35.2 points
4/1/2020	43 points
5/1/2020	49.7 points
6/1/2020	66.3 points
7/1/2020	36 points
8/1/2020	38.8 points
9/1/2020	56.6 points
10/1/2020	62.7 points
11/1/2020	44.3 points
12/1/2020	39.2 points
1/1/2021	51.3 points
2/1/2021	40 points
3/1/2021	59.1 points
4/1/2021	66.6 points
5/1/2021	52.7 points
6/1/2021	69.2 points
7/1/2021	48.6 points
8/1/2021	33.7 points
9/1/2021	20 points
10/1/2021	24.2 points
11/1/2021	32.2 points
12/1/2021	14.2 points
1/1/2022	24 points
2/1/2022	24.4 points
3/1/2022	21.5 points
4/1/2022	9.2 points
5/1/2022	6.1 points
1/1/2023	3.3 points
4/1/2023	0.4 points
6/1/2023	9.2 points
7/1/2023	21.6 points
8/1/2023	6.2 points
9/1/2023	11.7 points
10/1/2023	9.6 points
11/1/2023	2.7 points
12/1/2023	12.6 points
2/1/2024	7.2 points
3/1/2024	38.6 points
4/1/2024	34.3 points
5/1/2024	32.4 points
6/1/2024	13.8 points
7/1/2024	38.7 points

Philly Fed Business Conditions History

Date	Value
7/1/2024	38.7 Points
6/1/2024	13.8 Points
5/1/2024	32.4 Points
4/1/2024	34.3 Points
3/1/2024	38.6 Points
2/1/2024	7.2 Points
12/1/2023	12.6 Points
11/1/2023	2.7 Points
10/1/2023	9.6 Points
9/1/2023	11.7 Points
8/1/2023	6.2 Points
7/1/2023	21.6 Points
6/1/2023	9.2 Points
4/1/2023	0.4 Points
1/1/2023	3.3 Points
5/1/2022	6.1 Points
4/1/2022	9.2 Points
3/1/2022	21.5 Points
2/1/2022	24.4 Points
1/1/2022	24 Points
12/1/2021	14.2 Points
11/1/2021	32.2 Points
10/1/2021	24.2 Points
9/1/2021	20 Points
8/1/2021	33.7 Points
7/1/2021	48.6 Points
6/1/2021	69.2 Points
5/1/2021	52.7 Points
4/1/2021	66.6 Points
3/1/2021	59.1 Points
2/1/2021	40 Points
1/1/2021	51.3 Points
12/1/2020	39.2 Points
11/1/2020	44.3 Points
10/1/2020	62.7 Points
9/1/2020	56.6 Points
8/1/2020	38.8 Points
7/1/2020	36 Points
6/1/2020	66.3 Points
5/1/2020	49.7 Points
4/1/2020	43 Points
3/1/2020	35.2 Points
2/1/2020	45.4 Points
1/1/2020	38.4 Points
12/1/2019	34.8 Points
11/1/2019	34.4 Points
10/1/2019	32.6 Points
9/1/2019	23.1 Points
8/1/2019	31.8 Points
7/1/2019	33.6 Points
6/1/2019	24.2 Points
5/1/2019	22.3 Points
4/1/2019	22.2 Points
3/1/2019	23.1 Points
2/1/2019	29 Points
1/1/2019	29.7 Points
12/1/2018	29.1 Points
11/1/2018	26.4 Points
10/1/2018	31.9 Points
9/1/2018	36 Points
8/1/2018	36.8 Points
7/1/2018	26.8 Points
6/1/2018	38.3 Points
5/1/2018	41.5 Points
4/1/2018	43 Points
3/1/2018	46.8 Points
2/1/2018	40.1 Points
1/1/2018	45.4 Points
12/1/2017	50 Points
11/1/2017	47.9 Points
10/1/2017	46.4 Points
9/1/2017	54.1 Points
8/1/2017	42.4 Points
7/1/2017	38.5 Points
6/1/2017	38.3 Points
5/1/2017	40.2 Points
4/1/2017	46.2 Points
3/1/2017	56.4 Points
2/1/2017	50.3 Points
1/1/2017	54.7 Points
12/1/2016	45.5 Points
11/1/2016	29.8 Points
10/1/2016	36.2 Points
9/1/2016	37 Points
8/1/2016	41.9 Points
7/1/2016	36 Points
6/1/2016	36.6 Points
5/1/2016	39.7 Points
4/1/2016	39.9 Points
3/1/2016	26.9 Points
2/1/2016	15.8 Points
1/1/2016	18.3 Points
12/1/2015	18.6 Points
11/1/2015	37.5 Points
10/1/2015	34.8 Points
9/1/2015	36.8 Points
8/1/2015	34.9 Points
7/1/2015	40.2 Points
6/1/2015	43.4 Points
5/1/2015	38.1 Points
4/1/2015	39.7 Points
3/1/2015	37.7 Points
2/1/2015	35 Points
1/1/2015	54 Points
12/1/2014	47.2 Points
11/1/2014	50.1 Points
10/1/2014	50.8 Points
9/1/2014	46.1 Points
8/1/2014	61.9 Points
7/1/2014	53.6 Points
6/1/2014	53.3 Points
5/1/2014	43.8 Points
4/1/2014	39.3 Points
3/1/2014	42.4 Points
2/1/2014	43.9 Points
1/1/2014	38 Points
12/1/2013	41.1 Points
11/1/2013	42 Points
10/1/2013	55.4 Points
9/1/2013	48.8 Points
8/1/2013	38.5 Points
7/1/2013	41.6 Points
6/1/2013	37.2 Points
5/1/2013	39.5 Points
4/1/2013	30.6 Points
3/1/2013	35.5 Points
2/1/2013	32 Points
1/1/2013	28.8 Points
12/1/2012	22.4 Points
11/1/2012	16.6 Points
10/1/2012	17.1 Points
9/1/2012	31.6 Points
8/1/2012	20 Points
7/1/2012	21.5 Points
6/1/2012	25.4 Points
5/1/2012	24.9 Points
4/1/2012	39.9 Points
3/1/2012	30.4 Points
2/1/2012	30.3 Points
1/1/2012	43.4 Points
12/1/2011	33.7 Points
11/1/2011	36.4 Points
10/1/2011	26.1 Points
9/1/2011	18.1 Points
8/1/2011	12.6 Points
7/1/2011	28.6 Points
6/1/2011	8.5 Points
5/1/2011	26.2 Points
4/1/2011	35.7 Points
3/1/2011	57 Points
2/1/2011	41.9 Points
1/1/2011	43.8 Points
12/1/2010	47 Points
11/1/2010	47 Points
10/1/2010	41.7 Points
9/1/2010	26.6 Points
8/1/2010	26.2 Points
7/1/2010	28.7 Points
6/1/2010	39.8 Points
5/1/2010	40.2 Points
4/1/2010	43 Points
3/1/2010	46.4 Points
2/1/2010	35.9 Points
1/1/2010	41 Points
12/1/2009	33.6 Points
11/1/2009	41.3 Points
10/1/2009	41.7 Points
9/1/2009	47.7 Points
8/1/2009	55.4 Points
7/1/2009	50 Points
6/1/2009	53 Points
5/1/2009	43.8 Points
4/1/2009	32.6 Points
3/1/2009	14.4 Points
2/1/2009	17.3 Points
1/1/2009	8.8 Points
9/1/2008	26.5 Points
8/1/2008	22.2 Points
7/1/2008	12.6 Points
6/1/2008	14.3 Points
5/1/2008	20 Points
4/1/2008	10.6 Points
3/1/2008	5.6 Points
1/1/2008	10.2 Points
12/1/2007	21.9 Points
11/1/2007	21.2 Points
10/1/2007	38.9 Points
9/1/2007	32.3 Points
8/1/2007	30.8 Points
7/1/2007	27 Points
6/1/2007	11.3 Points
5/1/2007	22.8 Points
4/1/2007	22.7 Points
3/1/2007	23.3 Points
2/1/2007	22.8 Points
1/1/2007	24 Points
12/1/2006	16.1 Points
11/1/2006	16.5 Points
10/1/2006	14.8 Points
8/1/2006	2.9 Points
7/1/2006	12.4 Points
6/1/2006	5.9 Points
5/1/2006	17.2 Points
4/1/2006	24.8 Points
3/1/2006	22.8 Points
2/1/2006	30.2 Points
1/1/2006	30.5 Points
12/1/2005	39.1 Points
11/1/2005	30 Points
10/1/2005	19 Points
9/1/2005	7.6 Points
8/1/2005	25.1 Points
7/1/2005	14.6 Points
6/1/2005	30.5 Points
5/1/2005	21.6 Points
4/1/2005	27.4 Points
3/1/2005	36.1 Points
2/1/2005	26.1 Points
1/1/2005	28.5 Points
12/1/2004	36.7 Points
11/1/2004	47.8 Points
10/1/2004	28 Points
9/1/2004	44.4 Points
8/1/2004	44.8 Points
7/1/2004	37.7 Points
6/1/2004	40.5 Points
5/1/2004	43.8 Points
4/1/2004	37.5 Points
3/1/2004	41.4 Points
2/1/2004	52.4 Points
1/1/2004	56.2 Points
12/1/2003	49.7 Points
11/1/2003	56.5 Points
10/1/2003	54.9 Points
9/1/2003	62 Points
8/1/2003	58.4 Points
7/1/2003	58.3 Points
6/1/2003	51.8 Points
5/1/2003	47.8 Points
4/1/2003	49.1 Points
3/1/2003	48.3 Points
2/1/2003	27.5 Points
1/1/2003	39.6 Points
12/1/2002	49.5 Points
11/1/2002	44.8 Points
10/1/2002	49.1 Points
9/1/2002	41.1 Points
8/1/2002	39.9 Points
7/1/2002	50.2 Points
6/1/2002	53.2 Points
5/1/2002	54.4 Points
4/1/2002	54.3 Points
3/1/2002	57.6 Points
2/1/2002	54.9 Points
1/1/2002	58.9 Points
12/1/2001	46.5 Points
11/1/2001	42.4 Points
10/1/2001	47.4 Points
9/1/2001	43.5 Points
8/1/2001	36.8 Points
7/1/2001	34.3 Points
6/1/2001	50 Points
5/1/2001	32.9 Points
4/1/2001	30.9 Points
3/1/2001	21.8 Points
2/1/2001	8.7 Points
11/1/2000	5.9 Points
10/1/2000	11.4 Points
9/1/2000	20.6 Points
8/1/2000	12.8 Points
7/1/2000	15.9 Points
6/1/2000	8.3 Points
5/1/2000	6.7 Points
4/1/2000	4.1 Points
3/1/2000	8 Points
2/1/2000	20.2 Points
1/1/2000	22 Points
12/1/1999	27 Points
11/1/1999	21.1 Points
10/1/1999	10.8 Points
8/1/1999	20.2 Points
7/1/1999	9.7 Points
6/1/1999	12.5 Points
5/1/1999	24.6 Points
4/1/1999	22.4 Points
3/1/1999	22.1 Points
2/1/1999	25.4 Points
1/1/1999	26.1 Points
12/1/1998	17.3 Points
11/1/1998	10.2 Points
10/1/1998	2.4 Points
9/1/1998	2.5 Points
8/1/1998	5.9 Points
6/1/1998	6.1 Points
5/1/1998	23.9 Points
4/1/1998	22.5 Points
3/1/1998	27.7 Points
2/1/1998	15.6 Points
1/1/1998	18.5 Points
12/1/1997	26.9 Points
11/1/1997	29.7 Points
10/1/1997	28.2 Points
9/1/1997	24.8 Points
8/1/1997	17.3 Points
7/1/1997	14.6 Points
6/1/1997	18.8 Points
5/1/1997	15.4 Points
4/1/1997	23.8 Points
3/1/1997	23.2 Points
2/1/1997	27.8 Points
1/1/1997	26.2 Points
12/1/1996	32.2 Points
11/1/1996	18.5 Points
10/1/1996	21.3 Points
9/1/1996	23.2 Points
8/1/1996	25.6 Points
7/1/1996	38.2 Points
6/1/1996	41.7 Points
5/1/1996	28 Points
4/1/1996	23.7 Points
3/1/1996	19.8 Points
2/1/1996	28.2 Points
1/1/1996	23.2 Points
12/1/1995	7.3 Points
11/1/1995	29.3 Points
10/1/1995	31.6 Points
9/1/1995	27.4 Points
8/1/1995	28.5 Points
7/1/1995	23.4 Points
6/1/1995	15.3 Points
5/1/1995	14.8 Points
2/1/1995	8.7 Points
1/1/1995	16.6 Points
12/1/1994	12.3 Points
11/1/1994	27.3 Points
10/1/1994	25.9 Points
9/1/1994	29.7 Points
8/1/1994	29.7 Points
7/1/1994	28.9 Points
6/1/1994	29.1 Points
5/1/1994	32.5 Points
4/1/1994	41.8 Points
3/1/1994	45.5 Points
2/1/1994	36.1 Points
1/1/1994	45.5 Points
12/1/1993	47.1 Points
11/1/1993	34.5 Points
10/1/1993	42.3 Points
9/1/1993	37.2 Points
8/1/1993	39.7 Points
7/1/1993	38.4 Points
6/1/1993	32.1 Points
5/1/1993	28.4 Points
4/1/1993	40.1 Points
3/1/1993	47.3 Points
2/1/1993	63.9 Points
1/1/1993	54.7 Points
12/1/1992	53 Points
11/1/1992	60.5 Points
10/1/1992	55.5 Points
9/1/1992	56.8 Points
8/1/1992	54.6 Points
7/1/1992	52.7 Points
6/1/1992	66.4 Points
5/1/1992	56.3 Points
4/1/1992	56 Points
3/1/1992	46.8 Points
2/1/1992	57.2 Points
1/1/1992	52.1 Points
12/1/1991	65.4 Points
11/1/1991	64.6 Points
10/1/1991	71.5 Points
9/1/1991	71.7 Points
8/1/1991	66.7 Points
7/1/1991	63.2 Points
6/1/1991	59 Points
5/1/1991	51.9 Points
4/1/1991	40.6 Points
3/1/1991	39.8 Points
2/1/1991	26.6 Points
12/1/1990	11.8 Points
11/1/1990	6.7 Points
8/1/1990	1.7 Points
7/1/1990	5 Points
6/1/1990	18.5 Points
5/1/1990	13.8 Points
4/1/1990	13.5 Points
3/1/1990	13 Points
1/1/1990	9.7 Points
11/1/1989	2.1 Points
4/1/1989	0.2 Points
3/1/1989	0.2 Points
12/1/1988	4.1 Points
11/1/1988	17.6 Points
10/1/1988	12.4 Points
9/1/1988	22.5 Points
8/1/1988	20.9 Points
7/1/1988	24.4 Points
6/1/1988	18.1 Points
5/1/1988	22.6 Points
4/1/1988	10.4 Points
2/1/1988	1.6 Points
1/1/1988	10.5 Points
12/1/1987	32.5 Points
11/1/1987	8.5 Points
10/1/1987	28.8 Points
9/1/1987	23.2 Points
8/1/1987	21.4 Points
7/1/1987	23.2 Points
6/1/1987	23.4 Points
5/1/1987	8.1 Points
4/1/1987	7.7 Points
3/1/1987	23.8 Points
2/1/1987	33 Points
1/1/1987	29.2 Points
12/1/1986	34.5 Points
11/1/1986	26 Points
10/1/1986	25.7 Points
9/1/1986	24 Points
8/1/1986	28.6 Points
7/1/1986	29.7 Points
6/1/1986	32.4 Points
5/1/1986	19.1 Points
4/1/1986	28.4 Points
3/1/1986	27.5 Points
2/1/1986	36.2 Points
1/1/1986	37.8 Points
12/1/1985	29.5 Points
11/1/1985	32.8 Points
10/1/1985	25.5 Points
9/1/1985	30.4 Points
8/1/1985	21.7 Points
7/1/1985	27.2 Points
6/1/1985	16.7 Points
5/1/1985	38.2 Points
4/1/1985	42 Points
3/1/1985	47.7 Points
2/1/1985	46.2 Points
1/1/1985	41.7 Points
12/1/1984	39.7 Points
11/1/1984	38.7 Points
10/1/1984	42.5 Points
9/1/1984	33.5 Points
8/1/1984	41.4 Points
7/1/1984	40.7 Points
6/1/1984	39.6 Points
5/1/1984	44.3 Points
4/1/1984	58.3 Points
3/1/1984	65.1 Points
2/1/1984	63 Points
1/1/1984	63 Points
12/1/1983	61.7 Points
11/1/1983	65.1 Points
10/1/1983	71.5 Points
9/1/1983	73 Points
8/1/1983	82 Points
7/1/1983	75.9 Points
6/1/1983	80.4 Points
5/1/1983	83.9 Points
4/1/1983	76 Points
3/1/1983	77.2 Points
2/1/1983	75.9 Points
1/1/1983	76.9 Points
12/1/1982	72.4 Points
11/1/1982	78.9 Points
10/1/1982	79.6 Points
9/1/1982	82.6 Points
8/1/1982	67.7 Points
7/1/1982	73.7 Points
6/1/1982	66.9 Points
5/1/1982	68.1 Points
4/1/1982	67.3 Points
3/1/1982	48.3 Points
2/1/1982	67 Points
1/1/1982	68.1 Points
12/1/1981	71.1 Points
11/1/1981	61.9 Points
10/1/1981	53.8 Points
9/1/1981	62.2 Points
8/1/1981	63.8 Points
7/1/1981	69.3 Points
6/1/1981	62.8 Points
5/1/1981	71.8 Points
4/1/1981	66.9 Points
3/1/1981	66.5 Points
2/1/1981	52.4 Points
1/1/1981	54.6 Points
12/1/1980	73.2 Points
11/1/1980	68.5 Points
10/1/1980	66.1 Points
9/1/1980	75.5 Points
8/1/1980	56.4 Points
7/1/1980	36.9 Points
6/1/1980	25.1 Points
5/1/1980	7 Points
3/1/1980	3.5 Points
11/1/1978	6.8 Points
9/1/1978	3.7 Points
8/1/1978	12.2 Points
7/1/1978	6.7 Points
6/1/1978	21 Points
5/1/1978	31.1 Points
4/1/1978	30.2 Points
3/1/1978	24.5 Points
2/1/1978	31.6 Points
1/1/1978	42.1 Points
12/1/1977	52.4 Points
11/1/1977	56.4 Points
10/1/1977	39.8 Points
9/1/1977	49.8 Points
8/1/1977	52 Points
7/1/1977	71.1 Points
6/1/1977	61.3 Points
5/1/1977	57.5 Points
4/1/1977	66.5 Points
3/1/1977	73.8 Points
2/1/1977	80 Points
1/1/1977	79.6 Points
12/1/1976	71.4 Points
11/1/1976	65.5 Points
10/1/1976	67.8 Points
9/1/1976	69.4 Points
8/1/1976	54.1 Points
7/1/1976	69.6 Points
6/1/1976	65.9 Points
5/1/1976	72.6 Points
4/1/1976	69.6 Points
3/1/1976	77 Points
2/1/1976	77.3 Points
1/1/1976	75.9 Points
12/1/1975	75.6 Points
11/1/1975	83.6 Points
10/1/1975	88.7 Points
9/1/1975	91 Points
8/1/1975	85.8 Points
7/1/1975	78.3 Points
6/1/1975	79.4 Points
5/1/1975	63.8 Points
4/1/1975	57.1 Points
3/1/1975	54.2 Points
2/1/1975	34.7 Points
1/1/1975	30.5 Points
12/1/1974	20.7 Points
11/1/1974	16.2 Points
10/1/1974	24.1 Points
9/1/1974	28.7 Points
8/1/1974	29.2 Points
7/1/1974	24.4 Points
6/1/1974	25 Points
5/1/1974	31.4 Points
4/1/1974	20.6 Points
11/1/1973	3.2 Points
7/1/1973	9.5 Points
6/1/1973	16.3 Points
5/1/1973	23 Points
4/1/1973	39.9 Points
3/1/1973	53.2 Points
2/1/1973	63.3 Points
1/1/1973	66.4 Points
12/1/1972	79.3 Points
11/1/1972	69.7 Points
10/1/1972	68.7 Points
9/1/1972	66.7 Points
8/1/1972	67.6 Points
7/1/1972	73.6 Points
6/1/1972	69.5 Points
5/1/1972	71.4 Points
4/1/1972	69.3 Points
3/1/1972	62.9 Points
2/1/1972	68.3 Points
1/1/1972	73.7 Points
12/1/1971	77.9 Points
11/1/1971	73.8 Points
10/1/1971	76.1 Points
9/1/1971	82.9 Points
8/1/1971	79.4 Points
7/1/1971	76.4 Points
6/1/1971	71.5 Points
5/1/1971	77.5 Points
4/1/1971	69.3 Points
3/1/1971	76.5 Points
2/1/1971	76.7 Points
1/1/1971	75.2 Points
12/1/1970	74.3 Points
11/1/1970	79.1 Points
10/1/1970	78.6 Points
9/1/1970	70.2 Points
8/1/1970	76 Points
7/1/1970	64.8 Points
6/1/1970	71.2 Points
5/1/1970	63.5 Points
4/1/1970	56.4 Points
3/1/1970	38.2 Points
2/1/1970	37.8 Points
1/1/1970	23.4 Points
12/1/1969	7.1 Points
4/1/1969	33.7 Points
3/1/1969	35.7 Points
2/1/1969	28.2 Points
1/1/1969	43 Points
12/1/1968	53.4 Points
11/1/1968	50.3 Points
10/1/1968	40.2 Points
9/1/1968	21.4 Points
8/1/1968	17.4 Points
7/1/1968	41 Points
6/1/1968	28.5 Points
5/1/1968	20 Points

...

Similar Macro Indicators to Philly Fed Business Conditions

Name	Current	Previous	Frequency
🇺🇸 Automobile production	11.18 M Units	11.73 M Units	Monthly
🇺🇸 Bankruptcies	20,316 Companies	18,926 Companies	Quarter
🇺🇸 Business Climate	48.5 points	48.7 points	Monthly
🇺🇸 Business Inventories	0.5 %	0.3 %	Monthly
🇺🇸 Capacity Utilization	78.7 %	78.2 %	Monthly
🇺🇸 CFNAI Employment Index	0 points	-0.05 points	Monthly
🇺🇸 CFNAI Index for Personal Consumption and Housing	-0.02 points	-0.02 points	Monthly
🇺🇸 CFNAI Production Index	-0.28 %	-0.02 %	Monthly
🇺🇸 CFNAI Sales, Order, and Inventory Index	-0.02 %	-0.01 %	Monthly
🇺🇸 Changes in Inventory Levels	69 B USD	28.6 B USD	Quarter
🇺🇸 Chicago Fed National Activity Index	0.18 points	-0.26 points	Monthly
🇺🇸 Chicago PMI	46.1 points	45.3 points	Monthly
🇺🇸 Composite Leading Indicator	100.231 points	100.228 points	Monthly
🇺🇸 Composite PMI	54.6 points	54.3 points	Monthly
🇺🇸 Consistency Index	143.15 points	142.9 points	Monthly
🇺🇸 Corn Grain Reserves	4.993 B Bushels	8.347 B Bushels	Quarter
🇺🇸 Corporate profits	2.727 T USD	2.803 T USD	Quarter
🇺🇸 Dallas Fed Manufacturing Delivery Index	2.8 points	-3 points	Monthly
🇺🇸 Dallas Fed Manufacturing Employment Index	-2.9 points	-5.3 points	Monthly
🇺🇸 Dallas Fed Manufacturing Index	-15.1 points	-19.4 points	Monthly
🇺🇸 Dallas Fed Manufacturing Prices Paid Index	21.5 points	20.4 points	Monthly
🇺🇸 Dallas Fed Manufacturing Production Index	0.7 points	-2.8 points	Monthly
🇺🇸 Dallas Fed New Order Index	-1.3 points	-2.2 points	Monthly
🇺🇸 Dallas Fed Service Sector Revenue Index	7.7 points	1.9 points	Monthly
🇺🇸 Dallas Fed Services Index	-4.1 points	-12.1 points	Monthly
🇺🇸 Durable Goods Orders	9.9 %	-6.9 %	Monthly
🇺🇸 Durable Goods Orders Excluding Defense	-0.2 %	-0.5 %	Monthly
🇺🇸 Durable Goods Orders Excluding Transportation	0.5 %	-0.1 %	Monthly
🇺🇸 Factory Orders	5 %	-3.3 %	Monthly
🇺🇸 Factory Orders Excluding Transportation	0.7 %	0.4 %	Monthly
🇺🇸 Grain Reserves Wheat	702 M Bushels	1.087 B Bushels	Quarter
🇺🇸 Industrial production	0.4 %	-0.7 %	Monthly
🇺🇸 Industrial Production MoM	0.9 %	0 %	Monthly
🇺🇸 ISM Manufacturing Backlog	43.6 points	41.7 points	Monthly
🇺🇸 ISM Manufacturing Deliveries	52.6 points	49.8 points	Monthly
🇺🇸 ISM Manufacturing Employment	49.3 points	51.1 points	Monthly
🇺🇸 ISM Manufacturing Inventory Levels	50.3 points	44.5 points	Monthly
🇺🇸 ISM Manufacturing Prices	52.1 points	57 points	Monthly
🇺🇸 ISM Manufacturing Production	45.9 points	48.5 points	Monthly
🇺🇸 ISM New Orders Manufacturing	49.3 points	45.4 points	Monthly
🇺🇸 ISM New Orders Non-Manufacturing	54.1 points	52.2 points	Monthly
🇺🇸 ISM Non-Manufacturing Business Activity	53.3 points	54.5 points	Monthly
🇺🇸 ISM Non-Manufacturing Employment	47.1 points	45.9 points	Monthly
🇺🇸 ISM Non-Manufacturing Prices	58.1 points	59.2 points	Monthly
🇺🇸 Kansas Fed Composite Index	-8 points	-2 points	Monthly
🇺🇸 Kansas Fed Employment Index	-7 points	-12 points	Monthly
🇺🇸 Kansas Fed Manufacturing Index	-11 points	-1 points	Monthly
🇺🇸 Kansas Fed Manufacturing Index	-13 points	-6 points	Monthly
🇺🇸 Kansas Fed Manufacturing Index	-1 points	-18 points	Monthly
🇺🇸 Kansas Fed Paid Prices Index	19 points	18 points	Monthly
🇺🇸 Leading Indicator	101.2 points	101.7 points	Monthly
🇺🇸 LMI Logistics Manager Index Future	66.1 points	65.5 points	Monthly
🇺🇸 LMI Storage Costs	63.6 points	65.2 points	Monthly
🇺🇸 LMI Transport Prices	61 points	57.8 points	Monthly
🇺🇸 LMI Warehouse Prices	64.5 points	64.9 points	Monthly
🇺🇸 LMI-Logistics Manager Index	56.5 points	55.3 points	Monthly
🇺🇸 Manufacturing PMI	51.6 points	51.3 points	Monthly
🇺🇸 Manufacturing Production	0.1 %	0.6 %	Monthly
🇺🇸 Manufacturing Production MoM	0.9 %	-0.4 %	Monthly
🇺🇸 Mining Production	-1.5 %	-1.2 %	Monthly
🇺🇸 New Orders	592.14 B USD	563.972 B USD	Monthly
🇺🇸 NFIB Business Optimism Index	90.5 points	89.7 points	Monthly
🇺🇸 NY Empire State Employment Index	-8.7 points	-6.4 points	Monthly
🇺🇸 NY Empire State Manufacturing Index	-6 points	-15.6 points	Monthly
🇺🇸 NY Empire State Manufacturing Index	-1 points	-16.5 points	Monthly
🇺🇸 NY Empire State Manufacturing Index	3.3 points	-1.2 points	Monthly
🇺🇸 NY Empire State Prices Paid Index	23.4 points	26.5 points	Monthly
🇺🇸 Orders for Capital Goods Excluding Defense and Aircraft	1 %	-0.9 %	Monthly
🇺🇸 Philadelphia Fed Manufacturing Index	1.3 points	4.5 points	Monthly
🇺🇸 Philly Fed CAPEX Index	12.1 points	20.1 points	Monthly
🇺🇸 Philly Fed Employment	-2.5 points	-7.9 points	Monthly
🇺🇸 Philly Fed New Orders	-2.2 points	-7.9 points	Monthly
🇺🇸 Philly Fed Prices Paid	22.5 points	18.7 points	Monthly
🇺🇸 PMI Non-Manufacturing Sector	53.8 points	49.4 points	Monthly
🇺🇸 Retail Inventory Excluding Autos	0.5 %	0.3 %	Monthly
🇺🇸 Richmond Fed Manufacturing Index	-10 points	0 points	Monthly
🇺🇸 Richmond Fed Manufacturing Shipments	-9 points	13 points	Monthly
🇺🇸 Richmond Fed Services Index	-11 points	5 points	Monthly
🇺🇸 Services PMI	55.1 points	54.8 points	Monthly
🇺🇸 Soybean Grain Reserves	969 M Bushels	1.845 B Bushels	Quarter
🇺🇸 Steel production	6.9 M Tonnes	6.7 M Tonnes	Monthly
🇺🇸 Total Vehicle Sales	15.13 M	15.82 M	Monthly
🇺🇸 Vehicle Registrations	279,800	261,300	Monthly
🇺🇸 Wholesale Inventory Levels	0.6 %	0.2 %	Monthly

The Philadelphia Fed Manufacturing Index is derived from the Business Outlook Survey of manufacturers in the Third Federal Reserve District. Survey participants assess the direction of change in overall business activity and various metrics at their facilities, including employment, working hours, new and unfilled orders, shipments, inventories, delivery times, prices paid, and prices received. An index value above 0 signifies growth in the factory sector, while a value below 0 indicates contraction.

What is Philly Fed Business Conditions?

The "Philly Fed Business Conditions" indicator, officially known as the Philadelphia Federal Reserve’s Manufacturing Business Outlook Survey, is a key barometer of economic health within the Third Federal Reserve District, which includes Eastern Pennsylvania, Southern New Jersey, and Delaware. Eulerpool takes pride in providing meticulously curated macroeconomic data, and the Philly Fed Business Conditions index is one of the pivotal data points we offer to economists, financial analysts, investors, and policymakers for gauging the state of manufacturing and the broader economy in this bustling region. The Philadelphia Fed Business Conditions index is based on a monthly survey of manufacturers conducted by the Federal Reserve Bank of Philadelphia. The survey collects data on the current and future pace of business activity in the region, making it an invaluable resource for those seeking to understand the underlying dynamics of the regional economy. Since its inception in 1968, this survey has evolved into one of the most closely watched economic indicators, offering a real-time snapshot of the manufacturing sector's health. Each month, approximately 150 participants from the manufacturing sector—including executives and senior managers—respond to a set of questions covering various aspects of their business, including general business activity, new orders, shipments, employment, and prices paid for raw materials. These responses are then compiled into several diffusion indexes, which distill complex economic conditions into easily interpretable metrics. The most prominent of these is the General Activity Index, which is the headline figure most often cited in media reports and economic analyses. A reading above zero in the General Activity Index indicates that manufacturing conditions are improving, while a reading below zero suggests a contraction. This clear, binary mode of interpretation makes the Philly Fed Business Conditions index an indispensable tool for market participants. Financial markets, including equities, foreign exchange, and fixed income, often react sharply to the monthly release, underscoring its significance. For example, a higher-than-expected reading can bolster investor confidence, lead to rising stock prices, and strengthen the local currency, reflecting optimism about the economy’s direction. Conversely, a lower-than-expected reading can trigger a sell-off in equities and a flight to safe-haven assets. What makes the Philly Fed Business Conditions survey particularly influential is its timeliness. Released early in the month, it offers one of the first comprehensive looks at economic activity for the current month, ahead of many national indicators like the Institute for Supply Management's Manufacturing Index and the official employment report from the U.S. Bureau of Labor Statistics. This early availability provides an invaluable "first read" on current economic conditions, allowing policymakers and business leaders to react promptly to changing economic landscapes. Moreover, the survey does not just report on current conditions but also includes forward-looking components. For instance, respondents are asked about their expectations for business conditions over the next six months, providing insights into future economic activity. This forward-looking perspective helps businesses in planning and strategy formation, policymakers in decision-making, and investors in anticipating economic trends and positioning their portfolios accordingly. At Eulerpool, we recognize the importance of contextualizing the Philly Fed Business Conditions index within broader economic narratives. Understanding the underlying factors driving changes in the index requires an appreciation of both local and global economic contexts. For the Third Federal Reserve District, industries such as pharmaceuticals, chemicals, electronic equipment, and food manufacturing play significant roles. Fluctuations in these industries, driven by factors ranging from global supply chain disruptions to local regulatory changes, can significantly impact the survey’s findings. For example, in times of economic turmoil such as recessions or global financial crises, the Philly Fed Business Conditions index often mirrors the broader trends of economic distress. During the COVID-19 pandemic, for instance, the index plummeted to historically low levels as factories shut down and demand evaporated. Conversely, during periods of robust economic growth, the index often reaches high positive values, signaling expansion in manufacturing activity and overall economic vitality. However, this indicator is not without its limitations. The Philly Fed Business Conditions survey focuses primarily on manufacturing, a sector that, while vital, represents only a portion of the economy. Other sectors such as services, retail, and construction also substantially contribute to economic health, and their activities are not directly captured by this survey. Therefore, it is crucial to use this index in conjunction with other economic indicators to form a comprehensive view of the economic landscape. At Eulerpool, we strive to enhance the usability of the Philly Fed Business Conditions data by offering sophisticated visualization tools and analytical capabilities. Users can track trends over time, compare the data against other regional and national indicators, and incorporate it into broader economic models. By providing high-quality, easily accessible economic data, we empower our users to make informed decisions grounded in robust empirical evidence. In conclusion, the Philly Fed Business Conditions index is an essential component of our macroeconomic data offerings at Eulerpool. Its timely release, clear interpretability, and forward-looking nature make it a critical tool for understanding regional economic conditions and anticipating future economic trends. By providing detailed and contextualized data, Eulerpool ensures that economists, analysts, and decision-makers have the insights they need to navigate the complexities of today’s economic landscape.

Philly Fed Business Conditions

Country

United States

Continent

America

Highest Value

Lowest Value

-39.7

Average Value

33.82

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