The Philadelphia Fed Manufacturing Index in the US fell to 11.1 in December of 2020 from 26.3 in November and below market expectations of 20. It was the lowest reading since May. Indicators for general activity, new orders, shipments, and employment remained positive for the seventh consecutive month but fell from their readings in November. Changes in future indexes were mixed but suggest that overall growth is expected to continue over the next six months. source: Federal Reserve Bank of Philadelphia
Philadelphia Fed Manufacturing Index in the United States averaged 9.08 points from 1968 until 2020, reaching an all time high of 58.50 points in March of 1973 and a record low of -57.90 points in December of 1974. 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 December of 2020.
Philadelphia Fed Manufacturing Index in the United States is expected to be 22.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Philadelphia Fed Manufacturing Index in the United States to stand at 15.00 in 12 months time. In the long-term, the United States Philadelphia Fed Manufacturing Index is projected to trend around 5.00 points in 2021, according to our econometric models.