The Philadelphia Fed Manufacturing Index in the US decreased to 18.1 in February 2025 from 44.3 in January which was the highest since April 2021, and below forecasts of 20. Manufacturing activity in the Philadelphia region continued to expand, although at a slower pace. New orders (21.9 vs 42.9), shipments (26.3 vs 41), unfilled orders (1.4 vs 24) and inventories (-0.4 vs 11.7) declined. Also, employment (5.3 vs 11.9) and the average work week (2.9 vs 20.5) eased. In addition, both prices paid index (40.5, the highest since October 2022, vs 31.9) and prices received (32.9 vs 29.7) rose and remained above their long-run averages. Finally, firms continue to expect growth over the next six months, although expectations were less widespread (27.8 vs 46.3). source: Federal Reserve Bank of Philadelphia
Philadelphia Fed Manufacturing Index in the United States decreased to 18.10 points in February from 44.30 points in January of 2025. Philadelphia Fed Manufacturing Index in the United States averaged 8.87 points from 1968 until 2025, reaching an all time high of 58.50 points in March of 1973 and a record low of -60.50 points in April of 2020. This page provides the latest reported value for - United States Philadelphia Fed Manufacturing Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Philadelphia Fed Manufacturing Index - data, historical chart, forecasts and calendar of releases - was last updated on March of 2025.
Philadelphia Fed Manufacturing Index in the United States decreased to 18.10 points in February from 44.30 points in January of 2025. Philadelphia Fed Manufacturing Index in the United States is expected to be 11.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Philadelphia Fed Manufacturing Index is projected to trend around 8.00 points in 2026 and 9.00 points in 2027, according to our econometric models.