Current New Orders; Diffusion Index for Federal Reserve District 3: Philadelphia
This dataset tracks current new orders; diffusion index for federal reserve district 3: philadelphia over time.
Latest Value
9.70
Year-over-Year Change
-270.18%
Date Range
3/1/2011 - 7/1/2025
Summary
The Current New Orders; Diffusion Index for Federal Reserve District 3: Philadelphia measures the net percentage of manufacturing firms in the Philadelphia region reporting new orders. It provides insights into regional economic activity and production levels.
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 index is a key indicator of manufacturing conditions in the Philadelphia Federal Reserve district. It tracks the percentage of firms reporting increased new orders minus the percentage reporting decreased new orders. The data is used by economists and policymakers to assess the regional business climate.
Methodology
The Federal Reserve Bank of Philadelphia collects survey data from regional manufacturing firms to calculate the diffusion index.
Historical Context
The new orders index is a leading indicator of economic conditions and can inform monetary and fiscal policy decisions.
Key Facts
- The index ranges from 0 to 100, with 50 indicating no change from the prior period.
- Readings above 50 signal expanding manufacturing activity, while readings below 50 indicate contraction.
- The data is released monthly by the Federal Reserve Bank of Philadelphia.
FAQs
Q: What does this economic trend measure?
A: The Current New Orders; Diffusion Index for Federal Reserve District 3: Philadelphia measures the net percentage of manufacturing firms in the Philadelphia region reporting increased new orders.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into regional economic activity and production levels, making it a key indicator for economists and policymakers assessing the business climate in the Philadelphia Federal Reserve district.
Q: How is this data collected or calculated?
A: The Federal Reserve Bank of Philadelphia collects survey data from regional manufacturing firms to calculate the diffusion index.
Q: How is this trend used in economic policy?
A: The new orders index is a leading indicator that can inform monetary and fiscal policy decisions by providing insights into regional economic conditions.
Q: Are there update delays or limitations?
A: The data is released monthly by the Federal Reserve Bank of Philadelphia with no significant update delays.
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Citation
U.S. Federal Reserve, Current New Orders; Diffusion Index for Federal Reserve District 3: Philadelphia (NOBNDIF066MSFRBPHI), retrieved from FRED.