US Philly Fed Manufacturing Index
It's a leading indicator of economic health - businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment;
Above 0.0 indicates improving conditions, below indicates worsening conditions;
- US Philly Fed Manufacturing Index Graph
- History
| Expected Impact / Date | Actual | Forecast | Previous |
|---|---|---|---|
| Jul 16, 2026 | 41.4 | 12.7 | 10.3 |
| Jun 18, 2026 | 10.3 | 9.8 | -0.4 |
| May 21, 2026 | -0.4 | 17.6 | 26.7 |
| Apr 16, 2026 | 26.7 | 10.3 | 18.1 |
| Mar 19, 2026 | 18.1 | 8.3 | 16.3 |
| Feb 19, 2026 | 16.3 | 7.5 | 12.6 |
| Jan 15, 2026 | 12.6 | -1.6 | -10.2 |
| Dec 18, 2025 | -10.2 | 2.5 | -1.7 |
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- US Philly Fed Manufacturing Index News
From philadelphiafed.org|47 hr ago|3 commentsManufacturing activity in the region continued to expand overall, according to the firms responding to the July Manufacturing Business Outlook Survey. The survey’s indicators for general activity and new orders both rose this month — to nearly five-year highs — and the shipments index also increased. The employment index was positive for a second consecutive month and continued to suggest overall increases in employment. The prices paid index changed little this month, and the prices received index rose. The firms continue to expect ...
From philadelphiafed.org|Jun 18, 2026Manufacturing activity in the region expanded overall, according to the firms responding to the June Manufacturing Business Outlook Survey. The survey’s indicators for general activity and new orders rebounded into positive territory this month. The shipments index moved higher. The employment index also returned to positive territory, although most firms continued to report no changes in employment overall. The prices paid index rose this month, while the prices received index moved down. The firms continue to expect overall growth ...
From philadelphiafed.org|May 21, 2026|39 commentsManufacturing activity in the region weakened overall, according to the firms responding to the May Manufacturing Business Outlook Survey. The survey’s indicators for general activity, new orders, and shipments all fell sharply this month. The employment index ticked up but remained negative, continuing to suggest overall declines in employment. Both price indexes declined this month but remained elevated. The firms continue to expect overall growth over the next six months, and most future indicators rose this month from already ...
From philadelphiafed.org|Apr 16, 2026Manufacturing activity in the region continued to grow overall, according to the firms responding to the April Manufacturing Business Outlook Survey. The survey’s indicators for general activity, new orders, and shipments all moved higher this month. However, the employment index fell and turned negative, suggesting overall declines in employment. Both price indexes rose for the second consecutive month. The firms continue to expect overall growth over the next six months, although most future indicators moved down. The diffusion ...
From philadelphiafed.org|Mar 19, 2026Manufacturing activity in the region continued to expand overall, according to the firms responding to the March Manufacturing Business Outlook Survey. The survey’s indicator for general activity remained elevated. The new orders index moved down but remained positive, and the shipments index moved higher. The employment index returned to positive territory but continued to suggest mostly steady employment overall. Both price indexes rose this month after declining last month. The firms continue to expect overall growth over the next ...
From philadelphiafed.org|Feb 19, 2026Manufacturing activity in the region expanded overall this month, according to the firms responding to the February Manufacturing Business Outlook Survey. The current general activity and new orders indexes remained somewhat elevated; however, the shipments index declined to a near-zero reading. The employment index suggests mostly steady employment overall but dipped into negative territory. Both price indexes continued to suggest overall price increases. Expectations for growth over the next six months were more widespread. The ...
From philadelphiafed.org|Jan 15, 2026|1 commentManufacturing activity in the region increased overall, according to the firms responding to the January Manufacturing Business Outlook Survey. The survey’s indicator for general activity rose and turned positive. The new orders and shipments indexes also moved higher. The employment index declined but continues to suggest overall increases in employment. The price indexes remained well above their long-run averages. Most of the survey’s broad indicators for future activity declined but continued to suggest expectations for overall ...
From philadelphiafed.org|Dec 18, 2025|2 commentsManufacturing activity appeared weak this month, according to the firms responding to the December Manufacturing Business Outlook Survey. The survey’s indicator for current general activity fell and remained negative for the third consecutive month. Meanwhile, the new orders and shipments indexes both returned to positive territory after turning negative last month. The employment index rose and continued to reflect overall increases in employment. Both price indexes remained elevated but moved in opposite directions. Most of the ...
| Released on Jul 16, 2026 |
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| Released on Jun 18, 2026 |
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| Released on May 21, 2026 |
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| Released on Apr 16, 2026 |
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| Released on Mar 19, 2026 |
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| Released on Feb 19, 2026 |
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| Released on Jan 15, 2026 |
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| Released on Dec 18, 2025 |
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