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 |
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Oct 17, 2024 | 10.3 | 4.2 | 1.7 |
Sep 19, 2024 | 1.7 | -0.8 | -7.0 |
Aug 15, 2024 | -7.0 | 5.4 | 13.9 |
Jul 18, 2024 | 13.9 | 2.7 | 1.3 |
Jun 20, 2024 | 1.3 | 4.8 | 4.5 |
May 16, 2024 | 4.5 | 7.7 | 15.5 |
Apr 18, 2024 | 15.5 | 1.5 | 3.2 |
Mar 21, 2024 | 3.2 | -2.6 | 5.2 |
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- US Philly Fed Manufacturing Index News
Soft' (Philly Fed & NAHB) and 'Hard' data (Retail Sales, Initial Claims) improved today but manufacturing production shit the bed... chart Ignoring the manufacturing slump, this data reinforced the 'no landing' narrative and pushed rate-cut expectations notably (hawkishly) lower... chart Additionally, The Trump Trade has taken hold of the narrative for now... chart Goldman's Chloe Garber told clients today that Polymarket is priced at 60/40, there is ~1.5% upside to 65/35 odds, and 4% downside to 50/50 odds. "I think there is a ...
Manufacturing activity in the region expanded overall, according to the firms responding to the October Manufacturing Business Outlook Survey. The survey’s indicators for current general activity, new orders, and shipments all rose, with the latter two returning to positive territory this month. The employment index declined and suggested mostly steady employment conditions. Both price indexes edged down but continue to indicate overall increases in prices. Expectations for growth over the next six months were more widespread this ...
Manufacturing activity in the region was mixed overall, according to the firms responding to the September Manufacturing Business Outlook Survey. The survey’s indicator for current general activity turned positive, while the indexes for new orders and shipments declined and turned negative. The employment index rose and suggested increases in employment overall. Both price indexes moved higher and continue to indicate overall increases in prices. The firms continue to expect growth over the next six months, with expectations more ...
No, Goldilocks is not back! Retail Sales soared in August... thanks to massive historical revisions and a surge in Auto sales... but Auto production crashed by the most since COVID lockdowns (lowering GDP expectations)... and homebuilder sentiment slumped... and the Philly Fed business outlook plunged... and the Empire Fed Manufacturing survey remains in contraction for the 9th straight month... and import and export price inflation was hotter than expected... all of which sent the macro surprise index down to 2024 lows... chart ...
Manufacturing activity in the region softened overall, according to the firms responding to the August Manufacturing Business Outlook Survey. The survey’s indicators for current general activity, new orders, and shipments all declined, with the former turning negative. The employment index suggests declines in employment overall. Both price indexes indicate overall increases in prices and remain near their long-run averages. The firms continue to expect growth over the next six months, but expectations were less widespread this ...
Manufacturing activity in the region expanded overall, according to the firms responding to the July Manufacturing Business Outlook Survey. The survey’s indicator for general activity rose, and the indexes for shipments and new orders turned positive. The employment index also turned positive, suggesting an overall increase in employment levels. Both price indexes continued to indicate overall price increases. Most future activity indicators rose, suggesting more widespread expectations for overall growth over the next six months. ...
Jobless claims not good, housing data bad, Philly Fed ugly... and that meant the US macro surprise index plunged to early-2019 lows... near the lowest level since 2016... chart Source: Bloomberg. But that 'bad news' had no (good news) influence on rate-cut expectations (which worsened marginally).... chart Source: Bloomberg. Treasury yields ended the day marginally higher after recovering from the spike early on after claims data... chart Source: Bloomberg. That 'bad news' was also bad news for the momo names too as The Dow ...
Manufacturing activity in the region was mostly steady overall, according to the firms responding to the June Manufacturing Business Outlook Survey. The survey’s indicator for general activity edged lower but remained positive, while the indexes for shipments and new orders remained negative. The employment index increased but remained negative, continuing to suggest an overall decline in employment levels. Both price indexes continued to indicate overall price increases. Most future activity indicators remained positive but suggest ...
Released on Oct 17, 2024 |
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Released on Sep 19, 2024 |
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Released on Aug 15, 2024 |
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Released on Jul 18, 2024 |
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Released on Jun 20, 2024 |
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