2018 Economic Calendar
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Philadelphia Fed Business Outlook Survey  
Released On 4/19/2018 8:30:00 AM For Apr, 2018
PriorConsensusConsensus Range
General Business Conditions Index - Level22.3 20.1 18.0  to 25.0 

Consensus Outlook
Details of recent Philly Fed reports have been among the strongest in the report's 50-year history especially for the two most fundamental readings of all: new orders and backlogs. Econoday's April consensus for the headline index is 20.1 in what would be little changed from March's 22.3.

Definition
The general conditions index from this business outlook survey is a diffusion index of manufacturing conditions within the Philadelphia Federal Reserve district. This survey, widely followed as an indicator of manufacturing sector trends, is correlated with the ISM manufacturing index and the index of industrial production.  Why Investors Care
 
[Chart]
The Philadelphia Fed''s business outlook survey is a good leading indicator for the index of industrial production. It is reported in the third week of the month and thus has a lead time of nearly three weeks.
Data Source: Haver Analytics
 
 

2018 Release Schedule
Released On: 1/182/153/154/195/176/217/198/169/2010/1811/1512/20
Release For: JanFebMarAprMayJunJulAugSepOctNovDec
 


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