2018 Economic Calendar
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Philadelphia Fed Business Outlook Survey  
Released On 7/19/2018 8:30:00 AM For Jul, 2018
PriorConsensusConsensus Range
General Business Conditions Index - Level19.9 22.0 18.0  to 24.5 

Consensus Outlook
Re-acceleration is the consensus for July's Philly Fed report which in June slowed sharply from record strength in May. The consensus for July is 22.0 vs 19.9 in June.

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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