Current New Orders; Diffusion Index for Federal Reserve District 3: Philadelphia
NOCDFSA066MSFRBPHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.90
Year-over-Year Change
-118.10%
Date Range
5/1/1968 - 8/1/2025
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 increased new orders. It provides insight into regional economic activity and future production.
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 balance between firms reporting increased versus decreased new orders, a leading indicator of manufacturing output. It is a key metric used by economists and policymakers to assess the health of the regional industrial sector.
Methodology
The data is collected through a monthly survey of manufacturing firms in the Philadelphia Federal Reserve District.
Historical Context
This index helps inform monetary and fiscal policy decisions by the Federal Reserve and U.S. government.
Key Facts
- The index ranges from 0 to 100, with 50 indicating an equal number of firms reporting increases and decreases.
- Values above 50 signal expansion, while values below 50 indicate contraction in regional manufacturing.
- The index has been published monthly since 1968.
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 insight into the health and future production of the regional industrial sector, which is a key driver of economic activity. It is closely monitored by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of manufacturing firms in the Philadelphia Federal Reserve District.
Q: How is this trend used in economic policy?
A: This index helps inform monetary and fiscal policy decisions by the Federal Reserve and U.S. government, as it provides a timely indicator of regional economic conditions.
Q: Are there update delays or limitations?
A: The index is published monthly 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 (NOCDFSA066MSFRBPHI), retrieved from FRED.