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.

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Most recent - Thursday 16 November 2023 13:30

-9

Revised

Forecast

-9

Actual

-5.9

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

Next event - Thursday 21 December 2023 13:30

-5.9

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 -5.9 against a forecast of -9.

Past events

Date

Forecast

Actual

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

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

-12.3

Thursday 16 June 2022 12:30

5.5

-3.3

Thursday 19 May 2022 12:30

2.6

Thursday 21 April 2022 12:30

17.6

Thursday 17 March 2022 12:30

27.4

Thursday 17 February 2022 13:30

Thursday 20 January 2022 13:30

19.8

23.2

Thursday 16 December 2021 13:30

15.4

Thursday 18 November 2021 13:30

Thursday 21 October 2021 12:30

23.8

Thursday 16 September 2021 12:30

30.7

Thursday 19 August 2021 12:30

19.4

Thursday 15 July 2021 12:30

21.9

Thursday 17 June 2021 12:30

30.7

Thursday 20 May 2021 12:30

31.5

Thursday 15 April 2021 12:30

50.2

Thursday 18 March 2021 12:30

23.1

51.8

Thursday 18 February 2021 13:30

23.1

Thursday 21 January 2021 13:30

26.5

Thursday 17 December 2020 13:30

11.1

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:

		Previous	Latest
Michigan Consumer Sentiment Index	Bullish change	61.3	69.4
UoM 5-year Consumer Inflation Expectation	Bearish change	3.2%	2.8%
Average Hourly Earnings (MoM)	Bullish change	0.2%	0.4%
Average Hourly Earnings (YoY)	(no change)	4%	4%
Labor Force Participation Rate	Bullish change	62.7%	62.8%
Nonfarm Payrolls	Bullish change	150K	199K
U6 Underemployment Rate	Bullish change	7.2%	7%
Unemployment Rate	Bullish change	3.9%	3.7%
Initial Jobless Claims	Bearish change	218K	220K
Challenger Job Cuts	Bullish change	36.836K	45.51K
Nonfarm Productivity	Bullish change	4.7%	5.2%
Unit Labor Costs	Bearish change	-0.8%	-1.2%
ADP Employment Change	Bearish change	106K	103K
ISM Services Employment Index	Bullish change	50.2	50.7
ISM Services New Orders Index	(no change)	55.5	55.5
ISM Services PMI	Bullish change	51.8	52.7
ISM Services Prices Paid	Bearish change	58.6	58.3
JOLTS Job Openings	Bearish change	9.35M	8.733M
S&P Global Composite PMI	(no change)	50.7	50.7
Factory Orders (MoM)	Bearish change	2.3%	-3.6%
ISM Manufacturing Employment Index	Bearish change	46.8	45.8
ISM Manufacturing New Orders Index	Bullish change	45.5	48.3
ISM Manufacturing PMI	(no change)	46.7	46.7
ISM Manufacturing Prices Paid	Bullish change	45.1	49.9
Pending Home Sales (MoM)	Bearish change	1%	-1.5%
Chicago Purchasing Managers' Index	Bullish change	44	55.8
Core Personal Consumption Expenditures - Price Index (MoM)	Bearish change	0.3%	0.2%
Core Personal Consumption Expenditures - Price Index (YoY)	Bearish change	3.7%	3.5%
Initial Jobless Claims	Bearish change	211K	218K
Personal Consumption Expenditures - Price Index (MoM)	Bearish change	0.4%	0%
Personal Consumption Expenditures - Price Index (YoY)	Bearish change	3.4%	3%
Personal Income (MoM)	Bearish change	0.4%	0.2%
Personal Spending	Bearish change	0.7%	0.2%
Core Personal Consumption Expenditures (QoQ)	Bearish change	2.4%	2.3%
Gross Domestic Product Annualized	Bullish change	4.9%	5.2%
Gross Domestic Product Price Index	(no change)	3.5%	3.5%
Personal Consumption Expenditures Prices (QoQ)	Bearish change	2.9%	2.8%
Housing Price Index (MoM)	(no change)	0.6%	0.6%
New Home Sales Change (MoM)	Bearish change	8.6%	-5.6%

About Philadelphia Fed Manufacturing Survey

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

Related events

	Australia		Gross Domestic Product (QoQ)
	Canada		Gross Domestic Product Annualized
	Switzerland		Gross Domestic Product s.a. (QoQ)
	China		Non-Manufacturing PMI
	China		Gross Domestic Product (YoY)
	China		Gross Domestic Product (QoQ)
	China		NBS Manufacturing PMI
	Germany		S&P Global/BME Manufacturing PMI
	Germany		Gross Domestic Product (QoQ)
	Germany		S&P Global/BME Composite PMI
	Eurozone		Gross Domestic Product s.a. (YoY)
	Eurozone		Gross Domestic Product s.a. (QoQ)
	Eurozone		S&P Global Composite PMI
	Japan		Gross Domestic Product (QoQ)
	Japan		Tankan Large Manufacturing Index
	New Zealand		Gross Domestic Product (YoY)
	New Zealand		Gross Domestic Product (QoQ)
	United Kingdom		S&P Global/CIPS Services PMI
	United Kingdom		Gross Domestic Product (QoQ)
	United States		ISM Manufacturing PMI
	United States		Gross Domestic Product Annualized
	United States		Nondefense Capital Goods Orders ex Aircraft
	United States		ISM Services PMI
	United States		Durable Goods Orders
	Australia		S&P Global Manufacturing PMI
	Australia		National Australia Bank's Business Confidence (QoQ)
	Australia		S&P Global Services PMI
	Australia		AiG Industry Index
	Australia		Gross Domestic Product (YoY)
	Canada		Bank of Canada Business Outlook Survey
	Canada		Gross Domestic Product (MoM)
	Canada		Ivey Purchasing Managers Index
	Canada		Ivey Purchasing Managers Index s.a
	Canada		Gross Domestic Product (QoQ)
	Canada		S&P Global Manufacturing PMI
	Switzerland		KOF Leading Indicator
	Switzerland		Industrial Production (YoY)
	Switzerland		Gross Domestic Product (YoY)
	Switzerland		ZEW Survey – Expectations
	China		Industrial Production (YoY)
	China		Caixin Services PMI
	China		Caixin Manufacturing PMI
	Germany		ZEW Survey – Economic Sentiment
	Germany		IFO – Current Assessment
	Germany		IFO – Expectations
	Germany		ZEW Survey – Current Situation
	Germany		IFO – Business Climate
	Germany		S&P Global/BME Services PMI
	Germany		Gross Domestic Product w.d.a (YoY)
	Germany		Gross Domestic Product (YoY)
	Germany		Factory Orders s.a. (MoM)
	Eurozone		ZEW Survey – Economic Sentiment
	Eurozone		S&P Global Manufacturing PMI
	Eurozone		S&P Global Services PMI
	Eurozone		Industrial Production s.a. (MoM)
	Eurozone		Business Climate
	Spain		S&P Global Services PMI
	Spain		S&P Global Manufacturing PMI
	France		S&P Global Manufacturing PMI
	France		S&P Global Composite PMI
	France		Gross Domestic Product (QoQ)
	France		S&P Global Services PMI
	Italy		Gross Domestic Product (YoY)
	Italy		S&P Global Manufacturing PMI
	Italy		Gross Domestic Product (QoQ)
	Italy		S&P Global Services PMI
	Japan		Tankan Large All Industry Capex
	Japan		Tankan Large Manufacturing Outlook
	Japan		Industrial Production (YoY)
	Japan		Gross Domestic Product Annualized
	New Zealand		Business NZ PMI
	New Zealand		NZIER Business Confidence (QoQ)
	Poland		Purchasing Manager Index
	United Kingdom		Manufacturing Production (MoM)
	United Kingdom		S&P Global/CIPS Composite PMI
	United Kingdom		Manufacturing Production (YoY)
	United Kingdom		Gross Domestic Product (MoM)
	United Kingdom		Industrial Production (MoM)
	United Kingdom		Gross Domestic Product (YoY)
	United Kingdom		NIESR GDP Estimate (3M)
	United Kingdom		S&P Global/CIPS Manufacturing PMI
	United States		Durable Goods Orders ex Defense
	United States		S&P Global Manufacturing PMI
	United States		S&P Global Services PMI
	United States		Chicago Fed National Activity Index
	United States		Factory Orders (MoM)
	United States		ISM Services New Orders Index
	United States		ISM Manufacturing New Orders Index
	United States		S&P Global Composite PMI
	United States		Chicago Purchasing Managers' Index
	United States		Durable Goods Orders ex Transportation
	United States		Gross Domestic Product Price Index

Calendar - Philadelphia Fed Manufacturing Survey - United States

Philadelphia Fed Manufacturing Survey

Most recent - Thursday 16 November 2023 13:30

Next event - Thursday 21 December 2023 13:30

Trading range

Trading range after each Philadelphia Fed Manufacturing Survey event

Forecast history

Past events

Economic context

About Philadelphia Fed Manufacturing Survey

Related events