Current Unfilled Orders; Diffusion Index for Federal Reserve District 3: Philadelphia
This dataset tracks current unfilled orders; diffusion index for federal reserve district 3: philadelphia over time.
Latest Value
3.40
Year-over-Year Change
-361.54%
Date Range
3/1/2011 - 7/1/2025
Summary
The Current Unfilled Orders Diffusion Index for Federal Reserve District 3: Philadelphia measures the breadth of changes in unfilled orders among manufacturing firms in the Philadelphia region. It is a key economic indicator for assessing regional production and demand.
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 percentage of manufacturing firms in the Philadelphia Fed's district that report increases in unfilled orders compared to the previous month. It provides insights into the strength and direction of regional economic activity.
Methodology
The data is collected through the Philadelphia Fed's monthly Business Outlook Survey of regional manufacturers.
Historical Context
Economists and policymakers closely monitor this index to gauge regional manufacturing health and its implications for the broader economy.
Key Facts
- The index ranges from 0 to 100, with 50 indicating no change from the prior month.
- Values above 50 signal expansion in unfilled orders, while values below 50 indicate contraction.
- The index is released monthly as part of the Philadelphia Fed's Business Outlook Survey.
FAQs
Q: What does this economic trend measure?
A: The Current Unfilled Orders Diffusion Index for Federal Reserve District 3: Philadelphia measures the breadth of changes in unfilled orders among manufacturing firms in the Philadelphia region.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into the strength and direction of regional economic activity, which is useful for economists and policymakers assessing manufacturing health and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through the Philadelphia Fed's monthly Business Outlook Survey of regional manufacturers.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this index to gauge regional manufacturing health and its implications for the broader economy.
Q: Are there update delays or limitations?
A: The index is released monthly as part of the Philadelphia Fed's Business Outlook Survey, providing timely data on regional manufacturing conditions.
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Citation
U.S. Federal Reserve, Current Unfilled Orders; Diffusion Index for Federal Reserve District 3: Philadelphia (UOBNDIF066MSFRBPHI), retrieved from FRED.