2017 Economic Calendar
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Philadelphia Fed Business Outlook Survey  
Released On 10/19/2017 8:30:00 AM For Oct, 2017
PriorConsensusConsensus Range
General Business Conditions Index - Level23.8 20.2 15.0  to 25.8 

Recent History Of This Indicator
There are no words left to describe the intensity of strength being report by respondents to the Philly Fed manufacturing report. The headline, at 23.8 in September and well beyond Econoday's high estimate, only scratched the surface as new orders poured in at one of the strongest rates of the expansion with backlog orders and shipments among the very strongest in the 50-year history of this report. The consensus for the October index is 20.2.

Definition
The general conditions index from this business outlook survey is a diffusion index of manufacturing conditions within the Philadelphia Federal Reserve district. This survey, widely followed as an indicator of manufacturing sector trends, is correlated with the ISM manufacturing index and the index of industrial production.  Why Investors Care
 
[Chart]
The Philadelphia Fed''s business outlook survey is a good leading indicator for the index of industrial production. It is reported in the third week of the month and thus has a lead time of nearly three weeks.
Data Source: Haver Analytics
 
 

2017 Release Schedule
Released On: 1/192/163/164/205/186/157/208/179/2110/1911/1612/21
Release For: JanFebMarAprMayJunJulAugSepOctNovDec
 


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