Global| Nov 15 2018PUT NEW TT Philadelphia Fed Manufacturing Growth Continues; Pricing Pressure Eases
Summary
The Philadelphia Federal Reserve reported that its General Factory Sector Business Conditions Index dipped to 22.2 during October.......... The figures from the Philadelphia Federal Reserve dating back to 1968 can be found in Haver's [...]
The Philadelphia Federal Reserve reported that its General Factory Sector Business Conditions Index dipped to 22.2 during October..........
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.
| Philadelphia Fed - Manufacturing Business Outlook Survey (%, SA) | Nov | Oct | Sep | Nov'17 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|
| General Factory Sector Business Conditions | 22.2 | 22.9 | 11.9 | 28.8 | 27.4 | 4.8 | 3.7 |
| ISM-Adjusted Business Conditions | 55.7 | 56.3 | 55.6 | 60.1 | 57.2 | 48.2 | 49.4 |
| New Orders | 19.3 | 21.4 | 9.9 | 23.3 | 25.4 | 4.9 | 3.0 |
| Shipments | 24.5 | 19.6 | 16.6 | 26.0 | 26.8 | 6.9 | 3.0 |
| Unfilled Orders | -2.3 | 12.6 | 5.6 | 12.1 | 11.9 | -5.6 | -5.1 |
| Delivery Time | 0.2 | 11.1 | 6.4 | 19.9 | 10.6 | -4.6 | -4.2 |
| Inventories | -0.8 | -3.5 | 15.4 | -0.8 | 2.8 | -9.6 | -1.4 |
| Number of Employees | 19.5 | 17.6 | 14.3 | 30.7 | 16.2 | -5.6 | 3.9 |
| Average Workweek | 20.8 | 14.6 | 10.7 | 18.5 | 14.9 | -5.4 | -1.7 |
| Prices Paid | 38.2 | 39.6 | 55.0 | 37.6 | 30.4 | 13.5 | 1.5 |
| Expectations - General Business Conditions; Six Months Ahead | 33.8 | 36.3 | 38.8 | 47.2 | 47.1 | 33.7 | 37.6 |
Gerald D. Cohen
AuthorMore in Author Profile »Gerald Cohen provides strategic vision and leadership of the translational economic research and policy initiatives at the Kenan Institute of Private Enterprise.
He has worked in both the public and private sectors focusing on the intersection between financial markets and economic fundamentals. He was a Senior Economist at Haver Analytics from January 2019 to February 2021. During the Obama Administration Gerald was Deputy Assistant Secretary for Macroeconomic Analysis at the U.S. Department of Treasury where he helped formulate and evaluate the impact of policy proposals on the U.S. economy. Prior to Treasury, he co-managed a global macro fund at Ziff Brothers Investments.
Gerald holds a bachelor’s of science from the Massachusetts Institute of Technology and a Ph.D. in Economics from Harvard University and is a contributing author to 30-Second Money as well as a co-author of Political Cycles and the Macroeconomy.
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