2017 Economic Calendar
POWERED BY  econoday logo
U.S. & Intl Recaps   |   Event Definitions   |   Today's Calendar   |   

Philadelphia Fed Business Outlook Survey  
Released On 12/21/2017 8:30:00 AM For Dec, 2017
PriorConsensusConsensus Range
General Business Conditions Index - Level22.7 21.8 17.5  to 25.0 

Recent History Of This Indicator
A little cooling is welcome when it comes to the Philly Fed manufacturing index as it was in November when the headline index slowed slightly to what is still a very strong 22.7. New orders and shipments were both just over 20 in November with unfilled orders building sharply, at 17.0 for a 6.1 point gain. Respondents in this sample have been struggling to keep up with the work as employment, at 22.6 in November, fell 8 points from October's 48-year record. Econoday's consensus for December's headline is 21.8.

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
 


powered by  [Econoday]