Current New Orders; Percent of Respondents Reporting No Change for Federal Reserve District 3: Philadelphia
NOBNNC156MNFRBPHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30.60
Year-over-Year Change
-14.04%
Date Range
3/1/2011 - 7/1/2025
Summary
The 'Current New Orders; Percent of Respondents Reporting No Change for Federal Reserve District 3: Philadelphia' measures the percentage of survey respondents in the Philadelphia region who reported no change in new orders. This provides insight into manufacturing activity and 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 Federal Reserve manufacturing survey tracks the percentage of companies in the Philadelphia region that report no change in new orders compared to the previous month. The 'no change' response indicates stable demand and is a key indicator of current business conditions in the manufacturing sector.
Methodology
The data is collected through a monthly survey of manufacturers in the Third Federal Reserve District.
Historical Context
Policymakers and analysts monitor this metric to assess the health of the regional manufacturing economy.
Key Facts
- This metric has been tracked since 1968.
- The Philadelphia region accounts for about 5% of U.S. manufacturing output.
- Stable new orders are an indicator of consistent demand and production.
FAQs
Q: What does this economic trend measure?
A: This metric measures the percentage of manufacturers in the Philadelphia region that reported no change in new orders compared to the previous month.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the current state of manufacturing activity and economic conditions in the Philadelphia region, which is an important manufacturing hub.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of manufacturers in the Third Federal Reserve District.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this metric to assess the health of the regional manufacturing economy and make informed decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a short delay, and it only covers the Philadelphia region.
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Citation
U.S. Federal Reserve, Current New Orders; Percent of Respondents Reporting No Change for Federal Reserve District 3: Philadelphia (NOBNNC156MNFRBPHI), retrieved from FRED.