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Monday, October 20, 2014

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Highlights

  • Manufacturing Business Outlook SurveyManufacturers Indicate Continued Growth in October

    Manufacturing activity continued to grow in October, according to firms responding to the latest Manufacturing Business Outlook Survey. Most broad indicators of current growth, while positive, weakened from higher readings last month. The diffusion index for current activity edged down from a reading of 22.5 in September to 20.7 this month. Read the report. Listen to the audio conference. YouTube Video

  • Federal Reserve Bank of Philadelphia President Charles I. PlosserSpeech: The Economic Outlook and Monetary Policy

    President Charles Plosser gives his views on the regional and national economy and discusses why he remains optimistic about the economic outlook. He also shares his thoughts about monetary policy and explains why he departed from the majority view at the July and September FOMC meetings. Read the speech.

  • Federal Reserve Bank of Philadelphia President Charles I. PlosserSpeech: Communicating a Systematic Monetary Policy

    President Charles Plosser discusses how effective communications and a systematic, rule-like monetary policy lead to better economic outcomes. He also outlines why policymakers should describe the reaction function that determines how the current and future policy rates will be set depending on economic data. Read the speech.

  • Tri-State TrackingTri-State Tracking Updated

    The Philadelphia Fed has updated its monthly Tri-State Tracking series that provides statewide summaries of economic conditions using monthly and quarterly data of employment, housing, and personal income. Read the reports for Delaware PDF , New Jersey PDF , and Pennsylvania PDF.

  • Leading IndexesLeading Indexes Suggest Expansion in 42 States into the First Quarter of 2015

    The Bank has released August's leading indexes, which are a six-month forecast of the state coincident indexes. The coincident indexes measure current economic activity in each of the 50 states. This month's leading indexes suggest economic expansion in 42 states into the first quarter of 2015. Read the report. PDF

  • Philadelphia FedBank Announces Appointments to Economic Advisory Council

    The Bank has announced new appointments to its Economic Advisory Council. The council, composed of representatives from diverse industries as well as nonprofits and organized labor in the Third District, advises Philadelphia Fed officials on regional business conditions and economic issues that have an impact on the marketplace. Read the press release.

  • Nonmanufacturing Business Outlook SurveyRegional Activity in Nonmanufacturing Industries Expands

    The Philadelphia Fed's new Nonmanufacturing Business Outlook Survey (NBOS) measures the business activity of nonmanufacturing firms in the Third District. Nonmanufacturing activity increased in September, according to firms responding to the NBOS. The diffusion index for current activity at the firm level increased 8 points, from 27.3 in August to 35.7 in September. Firms also continue to be optimistic about activity over the next six months. Read the report.

  • Business ReviewRead the Latest Business Review

    Articles discuss why full disclosure might not always be best when it comes to regulating banks, the challenge of measuring how consumer learning enhances our economic well-being, and the potential value of the Philadelphia Fed's new survey of nonmanufacturing firms. Download the entire issue. PDF

  • The Federal Reserve Bank of PhiladelphiaThe Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank holding companies, and provides financial services to depository institutions and the federal government. One of the 12 regional Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System, the Philadelphia Federal Reserve Bank serves eastern Pennsylvania, southern New Jersey, and Delaware. Learn more about us.

The EconomyLast update: October 16, 2014, 10:45 a.m. ET

Business Outlook
Coincident Indexes
Leading Indexes
Regional
Data
ADS Business
Conditions
State Coincident Indexes
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State Coincident Indexes

Combine four state-level indicators to summarize current economic conditions in a single statistic.

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State Leading Indexes
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State Leading Indexes

Predict the six-month growth rate of the state's coincident index.

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Aruoba-Diebold-Scotti Business Conditions Index: Plot Since Last Peak
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Aruoba-Diebold-Scotti Business Conditions Index

Designed to track real macroeconomic activity at high frequency. Last updated on October 16, 2014.

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Charles I. Plosser
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