Future New Orders; Diffusion Index for Federal Reserve District 3: Philadelphia
NOFDFSA066MSFRBPHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39.20
Year-over-Year Change
152.90%
Date Range
5/1/1968 - 8/1/2025
Summary
The 'Future New Orders; Diffusion Index for Federal Reserve District 3: Philadelphia' measures the anticipated new orders volume in the Philadelphia region manufacturing sector. This leading indicator provides insights into future economic activity and production trends.
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
The Future New Orders Diffusion Index tracks manufacturers' expectations for new orders in the coming months. It is a component of the Philadelphia Fed's broader Manufacturing Business Outlook Survey, which monitors current and future conditions in the region's manufacturing industries.
Methodology
The data is collected through a monthly survey of manufacturing firms in the Third Federal Reserve District.
Historical Context
This index is closely watched by economists and policymakers as an early signal of future production and demand.
Key Facts
- The index ranges from 0 to 100, with values above 50 indicating expansion.
- It is published monthly, providing timely data on near-term production plans.
- The Philadelphia region is a major U.S. manufacturing hub.
FAQs
Q: What does this economic trend measure?
A: The 'Future New Orders; Diffusion Index for Federal Reserve District 3: Philadelphia' measures manufacturing firms' expectations for new orders volume in the coming months within the Philadelphia regional economy.
Q: Why is this trend relevant for users or analysts?
A: This index provides an early signal of future production and demand conditions, making it a closely watched indicator for economists, policymakers, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of manufacturing firms in the Third Federal Reserve District.
Q: How is this trend used in economic policy?
A: The Future New Orders Diffusion Index is used by the Federal Reserve and other policymakers to assess the near-term outlook for the manufacturing sector and broader regional economy.
Q: Are there update delays or limitations?
A: The index is published monthly, providing timely data on manufacturing expectations, though it may not fully capture unanticipated shifts in demand or production.
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Citation
U.S. Federal Reserve, Future New Orders; Diffusion Index for Federal Reserve District 3: Philadelphia (NOFDFSA066MSFRBPHI), retrieved from FRED.