Forex Trading

Philadelphia Fed Index (Business Outlook Survey)

Philadelphia Fed Index (Business Outlook Survey) - Federal Reserve Bank of Philadelphia; Around the 17th of each month, 10:00am

Federal Reserve Bank of Philadelphia; Around the 17th of each month, 10:00am EST, covers previous month data. The Business Outlook Survey is a monthly survey of manufacturers located around the states of Pennsylvania, New Jersey and Delaware. Companies surveyed indicate the direction of change in their overall business activity and in the various measures of activity at their plants. The index signals expansion when it is above zero and contraction when below. This index is considered to be a good indicator of changes in everything from employment, general prices, and conditions within the manufacturing industry. It isn't a big market mover, but the results found in the survey can indicate what to expect from the Purchasing Managers' Index (which comes out a few days later and covers the entire U.S.).

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