Philly Fed Index

Philadelphia Fed. (United States) {US} OBSERVATION PERIOD: SEP (Monthly)

ACTUAL : 14.1

PRIOR : 4.2

REVISED : - -

SURVEY : 8.0 (Mean: 8.3, High: 14.4, Low: 2.5)

Philly Fed Index is a measure of business growth. The index is constructed from a survey of participants who voluntarily answer questions regarding the direction of change in their overall business activities. The survey is a measure of regional manufacturing growth. When the index is above 0 it indicates factory-sector growth, and when below 0 indicates contraction.

This index is published by the Philadelphia Federal Reserve Bank on the third Thursday of the month at 10 am EST. It is considered to be a good gauge of general business conditions.

Actual number came in at 14.1, with 8.0 being expected, and 4.2 the prior month. This is an indication of increasing business growth.