Current General Activity, Perceptions of Respondents for the Region; Diffusion Index for Federal Reserve District 3: Philadelphia
GARBNDIF066MSFRBPHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-10.30
Year-over-Year Change
-14.17%
Date Range
3/1/2011 - 7/1/2025
Summary
The Current General Activity, Perceptions of Respondents for the Region; Diffusion Index for Federal Reserve District 3: Philadelphia measures business sentiment in the Philadelphia region. It is a key economic indicator used by policymakers and analysts to gauge regional economic conditions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This diffusion index tracks the perceptions of survey respondents regarding current overall business activity in the Third Federal Reserve District, which includes eastern Pennsylvania, southern New Jersey, and Delaware. It provides insight into the state of the regional economy from the perspective of local businesses.
Methodology
The data is collected through a monthly survey of manufacturing firms in the region.
Historical Context
The index is monitored by the Federal Reserve and other economic institutions to inform policy decisions and market analysis.
Key Facts
- The index ranges from -100 to 100, with positive values indicating expansion and negative values indicating contraction.
- The Philadelphia Fed has published this regional activity index since 1968.
- Analysts monitor the index as an early indicator of economic conditions in the tri-state Philadelphia region.
FAQs
Q: What does this economic trend measure?
A: The Current General Activity, Perceptions of Respondents for the Region; Diffusion Index for Federal Reserve District 3: Philadelphia measures the perceptions of survey respondents regarding current overall business activity in the Philadelphia region.
Q: Why is this trend relevant for users or analysts?
A: This regional activity index provides valuable insight into the state of the economy in the Third Federal Reserve District, which is monitored closely by policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of manufacturing firms in the Philadelphia region.
Q: How is this trend used in economic policy?
A: The Philadelphia Fed's regional activity index is used by the Federal Reserve and other institutions to inform policy decisions and market analysis.
Q: Are there update delays or limitations?
A: The index is published monthly, with a short delay, and represents the perceptions of surveyed businesses in the region.
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Citation
U.S. Federal Reserve, Current General Activity, Perceptions of Respondents for the Region; Diffusion Index for Federal Reserve District 3: Philadelphia (GARBNDIF066MSFRBPHI), retrieved from FRED.