Philadelphia Fed Index

Philadelphia Fed Index is tracked by the Philadelphia Federal-Reserve Bank (headquartered in Philadelphia, Pennsylvania) and is based on the survey of voluntary participants regarding the direction of change in their overall business activities. This is a regional survey and it covers the Pennsylvania, New Jersey and Delaware regions. The survey measures regional manufacturing growth and covers answer on such questions as employment, new orders, shipments, inventories, prices paid, etc.

The Fed report is one of the most watched reports and one of the most respected of all the regional purchasing manager reports. The Philadelphia Fed Index above zero indicates factory-sector growth, and the Philadelphia Fed Index below zero indicates contraction.

The Philadelphia Fed Index  (also known as the "Business Outlook Survey") is published on monthly basis on the third Thursday of the month and it is considered to be a good barometer of general business conditions.