Philadelphia Fed Manufacturing Index in the United States decreased to 2.60 points in May from 17.60 points in April of 2022. Philadelphia Fed Manufacturing Index in the United States averaged 9.54 points from 1968 until 2022, reaching an all time high of 58.50 points in March of 1973 and a record low of -57.90 points in December of 1974. Philadelphia Fed Manufacturing Index is based on The Business Outlook Survey of manufacturers in the Third Federal Reserve District. Participants report the direction of change in overall business activity and in the various measures of activity at their plants: employment, working hours, new and unfilled orders, shipments, inventories, delivery times, prices paid, and prices received. The index above 0 indicates factory-sector growth, below 0 contraction. This page provides the latest reported value for – United States Philadelphia Fed Manufacturing Index – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
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