2018 Economic Calendar
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Philadelphia Fed Business Outlook Survey  
Released On 6/21/2018 8:30:00 AM For Jun, 2018
PriorConsensusConsensus Range
General Business Conditions Index - Level34.4 28.0 20.0  to 33.1 

Consensus Outlook
Very slight cooling is the consensus for June's Philly Fed report which in May posted a 45-year high for new orders. This report has been coming in at or above Econoday's high estimates in results that hint at overheating strength for this sample. The consensus for June is 28.0 vs May's 34.4.

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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