Key data points
Last release
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Next release
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Time to release
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Forecast
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Observation period
May 2024
Highest
56.20POINTMar 15, 1973
Lowest
−70.90POINTApr 15, 2020
About United States Philly Fed New Orders
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.