USA - Philadelphia-Fed-Produksjon-Hovedsiden

The Philadelphia Fed Manufacturing index for current general activity dropped by 10.1 points from the previous month to 0.3 in December 2019, its lowest reading since June and below market expectations of 8.0. Manufacturers continued to report expanding employment, although the current employment index decreased 3.7 points to 17.8. Meanwhile, the indexes for current shipments and new orders rose 6.1 points and 1.0 point respectively. Both the unfilled orders and delivery times indexes remained positive,suggesting higher unfilled orders and slower delivery times.

The Philadelphia Fed Manufacturing index for current general activity rose by 4.8 points from the previous month to 10.4 in November 2019, beating market expectations of 7.0. Meanwhile, the indexes for current shipments and new orders fell 17.8 points and 9.1 points respectively. In addition, the current employment index decreased 11.4 points to 21.5. Both the unfilled orders and delivery times indexes remained positive this month, suggesting higher unfilled orders and slower delivery times.

The Philadelphia Fed Manufacturing index for current general activity fell 6.4 points from the previous month to 5.6 in October, the lowest since June after decreasing 4.8 points in September. The reading came below market expectations of 8 as the general activity and shipments indicators decreased. Meanwhile, the indicators for new orders and employment improved. The survey’s future activity indexes remained positive, suggesting continued optimism about growth for the next six months.

The Philadelphia Fed Manufacturing index for current general activity decreased 4.8 points from a month earlier to 12 in September 2019, still beating market expectations of 11. The index for current new orders dropped slightly to 24.8 from 25.8 in August. Meanwhile, the current shipments index, went up 7.4 points to 26.4. Both the unfilled orders and delivery times indexes remained positive this month, suggesting higher unfilled orders and slower delivery times. The firms reported overall improvement in manufacturing employment this month. Nearly 25 percent of the firms reported higher employment, while 9 percent reported lower employment. The employment index increased 12.2 points to 15.8, and the average workweek index advanced 6.2 points to 13.

The Philadelphia Fed Manufacturing index for current general activity dropped 5 points from a month earlier to 16.8 in August 2019, still beating market consensus of 10.0. The current new orders index increased 7 points, while the shipments index decreased 6 points. Both the unfilled orders and delivery times indexes remained positive this month, suggesting higher unfilled orders and slower delivery times. The firms reported overall increases in manufacturing employment this month, but the current employment index decreased 26 points to 3.6, its lowest reading since November 2016. Nearly 25 percent of the firms reported higher employment, compared with 36 percent last month. Nearly 21 percent of the firms reported decreases in employment this month, up from 6 percent last month. The average workweek index also decreased but remained positive.

The Philadelphia Fed Manufacturing index for current general activity jumped 21.5 points from a month earlier to 21.8 in July 2019, the highest in a year, easily beating market consensus of 5.0. New orders and shipments increased at a faster pace while employment growth was the strongest since October 2017. Also, the average workweek index hit a 14-month high. On the price front, the prices paid and prices received indexes both increased this month but remained well below their readings over the past few years. Looking ahead, optimism about growth for the next six months improved to its highest since May 2018.