Philadelphia Fed Manufacturing Survey

The Philadelphia Fed Survey is a spread index of manufacturing conditions (movements of manufacturing) within the Federal Reserve Bank of Philadelphia. This survey, served as an indicator of manufacturing sector trends, is interrelated with the ISM manufacturing Index (Institute for Supply Management) and the index of industrial production. It is also used as a forecast of The ISM Index. Generally, an above-the-expectaitons reading is seen as positive for the USD.

Next event - Thursday 21 November 2024 13:30

Previous
10.3
Forecast
8
Actual
-

The typical/expected impact on USD pairs is medium.

The consensus forecast for Philadelphia Fed Manufacturing Survey is 8. A higher value than forecast tends to be bullish for USD/xxx pairs and bearish for xxx/USD pairs.

Most recent - Thursday 17 October 2024 12:30

Previous
1.7
Revised
-
Forecast
3
Actual
10.3

Higher numbers than forecast tend to be bullish for USD/xxx pairs and bearish for xxx/USD pairs.

Trading range

Forecast history

The most recent announced value for Philadelphia Fed Manufacturing Survey was 10.3 against a forecast of 3.

Past events

Date
Forecast
Actual
Thursday 17 October 2024 12:30
3
10.3
Thursday 19 September 2024 12:30
-1
1.7
Thursday 15 August 2024 12:30
7
-7
Thursday 18 July 2024 12:30
2.9
13.9
Thursday 20 June 2024 12:30
5
1.3
Thursday 16 May 2024 12:30
8
4.5
Thursday 18 April 2024 12:30
1.5
15.5
Thursday 21 March 2024 12:30
-2.3
3.2
Thursday 15 February 2024 13:30
-8
5.2
Thursday 18 January 2024 13:30
-7
-10.6
Thursday 21 December 2023 13:30
-3
-10.5
Thursday 16 November 2023 13:30
-9
-5.9
Thursday 19 October 2023 12:30
-6.6
-9
Thursday 21 September 2023 12:30
-0.7
-13.5
Thursday 17 August 2023 12:30
-10
12
Thursday 20 July 2023 12:30
-10
-13.5
Thursday 15 June 2023 12:30
-14
-13.7
Thursday 18 May 2023 12:30
-19.8
-10.4
Thursday 20 April 2023 12:30
-19.2
-31.3
Thursday 16 March 2023 12:30
-14.5
-23.2
Thursday 16 February 2023 13:30
-7.4
-24.3
Thursday 19 January 2023 13:30
-11
-8.9
Thursday 15 December 2022 13:30
-10
-13.8
Thursday 17 November 2022 13:30
-6.2
-19.4
Thursday 20 October 2022 12:30
-5
-8.7
Thursday 15 September 2022 12:30
2.8
-9.9
Thursday 18 August 2022 12:30
-5
6.2
Thursday 21 July 2022 12:30
0
-12.3
Thursday 16 June 2022 12:30
5.5
-3.3
Thursday 19 May 2022 12:30
16
2.6
Thursday 21 April 2022 12:30
21
17.6
Thursday 17 March 2022 12:30
15
27.4
Thursday 17 February 2022 13:30
20
16
Thursday 20 January 2022 13:30
19.8
23.2
Thursday 16 December 2021 13:30
30
15.4

Economic context

Recent economic data has been broadly neutral for USD. Other recent announcements which may affect the market's interpretation of the next Philadelphia Fed Manufacturing Survey result:

PreviousLatest
Building Permits (MoM)Bearish change1.425M-0.6M
Housing Starts (MoM)Bearish change1.353M1.311M
Industrial Production (MoM)Bullish change-0.5%-0.3%
NY Empire State Manufacturing IndexBullish change-11.931.2
Retail Sales (MoM)Bearish change0.8%0.4%
Retail Sales Control GroupBearish change1.2%-0.1%
Retail Sales ex Autos (MoM)Bearish change1%0.1%
Initial Jobless ClaimsBullish change221K217K
Producer Price Index (MoM)Bullish change0.1%0.2%
Producer Price Index (YoY)Bullish change1.9%2.4%
Producer Price Index ex Food & Energy (MoM)Bullish change0.2%0.3%
Producer Price Index ex Food & Energy (YoY)Bullish change2.9%3.1%
Monthly Budget StatementBearish change$64.7B$-257B
Consumer Price Index (MoM)(no change)0.2%0.2%
Consumer Price Index (YoY)Bullish change2.4%2.6%
Consumer Price Index ex Food & Energy (MoM)(no change)0.3%0.3%
Consumer Price Index ex Food & Energy (YoY)(no change)3.3%3.3%
Michigan Consumer Sentiment IndexBullish change70.573
UoM 5-year Consumer Inflation ExpectationBullish change3%3.1%
Fed Interest Rate DecisionBearish change5%4.75%
Initial Jobless ClaimsBearish change218K221K
Nonfarm ProductivityBullish change2.1%2.2%
Unit Labor CostsBearish change2.4%1.9%

About Philadelphia Fed Manufacturing Survey

Country:United States
Currency:USD
Source:Federal Reserve Bank of Philadelphia
Category:Economic Activity
Frequency:Monthly

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