Global| Apr 18 2019Philadelphia Fed Manufacturing Index Rebounds But Prices Weaken
by:Sandy Batten
|in:Economy in Brief
Summary
The Federal Reserve Bank of Philadelphia reported in its Manufacturing Business Outlook Survey that the General Business Conditions Index rebounded this month to 13.7 after declining in February to -4.1. The figures from the [...]
The Federal Reserve Bank of Philadelphia reported in its Manufacturing Business Outlook Survey that the General Business Conditions Index rebounded this month to 13.7 after declining in February to -4.1.
The figures from the Philadelphia Federal Reserve dating back to 1968 can be found in Haver's SURVEYS database. The expectation from the Action Economics Forecast Survey is available in AS1REPNA database.
| Philadelphia Fed - Manufacturing Business Outlook Survey (%, SA) | Apr | Mar | Feb | Apr'18 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|
| General Factory Sector Business Conditions | 8.5 | 13.7 | -4.1 | 23.4 | 21.1 | 27.3 | 4.9 |
| ISM-Adjusted Business Conditions | 54.1 | 54.7 | 51.9 | 59.8 | 57.7 | 57.3 | 48.2 |
| New Orders | 15.7 | 1.9 | -2.4 | 22.2 | 21.0 | 25.3 | 5.0 |
| Shipments | 18.4 | 20.0 | -5.3 | 25.1 | 22.8 | 26.8 | 6.9 |
| Unfilled Orders | 0.4 | 3.1 | 6.9 | 8.7 | 7.1 | 11.9 | -5.6 |
| Delivery Time | -5.1 | 8.8 | 13.6 | 18.0 | 9.5 | 10.6 | -4.6 |
| Inventories | 2.6 | 17.2 | 3.3 | 10.1 | 7.4 | 2.9 | -9.6 |
| Number of Employees | 14.7 | 9.6 | 14.5 | 26.6 | 21.6 | 16.1 | -5.6 |
| Average Workweek | 11.2 | 10.6 | 4.7 | 21.2 | 15.9 | 14.9 | -5.4 |
| Prices Paid | 21.6 | 19.7 | 21.8 | 53.1 | 46.4 | 30.4 | 13.5 |
| Expectations - General Business Conditions; Six Months Ahead | 19.1 | 21.8 | 31.3 | 40.9 | 36.9 | 47.1 | 33.7 |
Sandy Batten
AuthorMore in Author Profile »Sandy Batten has more than 30 years of experience analyzing industrial economies and financial markets and a wide range of experience across the financial services sector, government, and academia. Before joining Haver Analytics, Sandy was a Vice President and Senior Economist at Citibank; Senior Credit Market Analyst at CDC Investment Management, Managing Director at Bear Stearns, and Executive Director at JPMorgan. In 2008, Sandy was named the most accurate US forecaster by the National Association for Business Economics. He is a member of the New York Forecasters Club, NABE, and the American Economic Association. Prior to his time in the financial services sector, Sandy was a Research Officer at the Federal Reserve Bank of St. Louis, Senior Staff Economist on the President’s Council of Economic Advisors, Deputy Assistant Secretary for Economic Policy at the US Treasury, and Economist at the International Monetary Fund. Sandy has taught economics at St. Louis University, Denison University, and Muskingun College. He has published numerous peer-reviewed articles in a wide range of academic publications. He has a B.A. in economics from the University of Richmond and a M.A. and Ph.D. in economics from The Ohio State University.
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