The Philadelphia Fed manufacturing diffusion index for future general activity declined 2.8 points to 40 in March 2026. More than 56 percent of the firms expect an increase in activity over the next six months, exceeding the 16 percent that expect a decrease; 23 percent expect no change. source: Federal Reserve Bank of Philadelphia
Philly Fed Business Conditions in the United States averaged 33.77 points from 1968 until 2026, reaching an all time high of 91.00 points in September of 1975 and a record low of -39.70 points in December of 1973. This page includes a chart with historical data for the United States Philly Fed Business Conditions. United States Philly Fed Business Conditions - data, historical chart, forecasts and calendar of releases - was last updated on April of 2026.
Philadelphia Fed Manufacturing Index is based on The Business Outlook Survey of manufacturers in the Third Federal Reserve District. Participants report the direction of change in overall business activity and in the various measures of activity at their plants: employment, working hours, new and unfilled orders, shipments, inventories, delivery times, prices paid, and prices received. The index above 0 indicates factory-sector growth, below 0 contraction.
|
Actual |
Previous |
Highest |
Lowest |
Dates |
Unit |
Frequency |
|
|
40.00 |
42.80 |
91.00 |
-39.70 |
1968 - 2026 |
points |
Monthly |
SA
|