Future New Orders; Percent Reporting Increases for Federal Reserve District 3: Philadelphia
NOFINA156MNFRBPHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
50.00
Year-over-Year Change
54.32%
Date Range
5/1/1968 - 8/1/2025
Summary
The 'Future New Orders; Percent Reporting Increases for Federal Reserve District 3: Philadelphia' trend measures the percentage of manufacturers in the Philadelphia region that expect new orders to increase in the near future, providing insight into regional economic conditions and production outlooks.
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 economic indicator tracks the diffusion index of manufacturers in the Federal Reserve's Third District (which includes eastern Pennsylvania, southern New Jersey, and Delaware) who anticipate growth in new orders. It serves as an important leading indicator of future regional production and demand.
Methodology
The data is collected through the monthly Business Outlook Survey conducted by the Federal Reserve Bank of Philadelphia.
Historical Context
Policymakers and analysts use this regional new orders data to assess near-term economic trends and the manufacturing sector's outlook.
Key Facts
- The index ranges from 0 to 100 percent, with higher values indicating more firms expect new orders to increase.
- The Philadelphia region accounts for a significant portion of national manufacturing activity.
- This indicator leads other measures of broader economic performance.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of manufacturers in the Philadelphia Federal Reserve's Third District that expect new orders to increase in the near future.
Q: Why is this trend relevant for users or analysts?
A: This leading indicator provides insight into regional manufacturing conditions and production outlooks, which is valuable for policymakers and market analysts assessing the economic trajectory.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Business Outlook Survey conducted by the Federal Reserve Bank of Philadelphia.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this regional new orders data to assess near-term economic trends and the manufacturing sector's outlook, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a relatively short publication delay, providing timely insight into regional manufacturing conditions.
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Citation
U.S. Federal Reserve, Future New Orders; Percent Reporting Increases for Federal Reserve District 3: Philadelphia (NOFINA156MNFRBPHI), retrieved from FRED.