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.

Most recent - Thursday 20 February 2025 13:30

Previous
44.3
Revised
-
Forecast
20
Actual
18.1

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

Next event - Thursday 20 March 2025 12:30

Previous
-
Forecast
-
Actual
-

The typical/expected impact on USD pairs is medium.

There is no forecast value for Philadelphia Fed Manufacturing Survey yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Philadelphia Fed Manufacturing Survey was 18.1 against a forecast of 20.

Past events

Date
Forecast
Actual
Thursday 20 February 2025 13:30
20
18.1
Thursday 16 January 2025 13:30
-5
44.3
Thursday 19 December 2024 13:30
3
-16.4
Thursday 21 November 2024 13:30
8
-5.5
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

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
Chicago Purchasing Managers' IndexBullish change39.545.5
Core Personal Consumption Expenditures - Price Index (MoM)Bullish change0.2%0.3%
Core Personal Consumption Expenditures - Price Index (YoY)Bearish change2.9%2.6%
Personal Consumption Expenditures - Price Index (MoM)(no change)0.3%0.3%
Personal Consumption Expenditures - Price Index (YoY)Bearish change2.6%2.5%
Personal Income (MoM)Bullish change0.4%0.9%
Personal SpendingBearish change0.8%-0.2%
Pending Home Sales (MoM)Bearish change-4.1%-4.6%
Core Personal Consumption Expenditures (QoQ)Bullish change2.5%2.7%
Durable Goods OrdersBullish change-1.8%3.1%
Durable Goods Orders ex DefenseBullish change-1.8%3.5%
Durable Goods Orders ex TransportationBearish change0.1%0%
Gross Domestic Product Annualized(no change)2.3%2.3%
Gross Domestic Product Price IndexBullish change2.2%2.4%
Initial Jobless ClaimsBearish change220K242K
Nondefense Capital Goods Orders ex AircraftBullish change0.4%0.8%
Personal Consumption Expenditures Prices (QoQ)Bullish change2.3%2.4%
New Home Sales Change (MoM)Bearish change8.1%-10.5%
Housing Price Index (MoM)(no change)0.4%0.4%
Existing Home Sales Change (MoM)Bearish change2.9%-4.9%
Michigan Consumer Sentiment IndexBearish change67.864.7
UoM 5-year Consumer Inflation ExpectationBullish change3.3%3.5%
S&P Global Composite PMIBearish change52.750.4
S&P Global Manufacturing PMIBullish change51.251.6
S&P Global Services PMIBearish change52.949.7
Initial Jobless ClaimsBearish change214K219K
Building Permits (MoM)Bullish change1.482M1.483M
Housing Starts (MoM)Bearish change1.515M1.366M
NY Empire State Manufacturing IndexBullish change-12.65.7

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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