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Sunday, November 23, 2014

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Highlights

  • Manufacturing Business Outlook SurveyFirms See Notable Increase in Business Activity in November

    Manufacturing activity increased in November, according to firms responding to the latest Manufacturing Business Outlook Survey. The diffusion index of current activity increased notably from 20.7 in October to 40.8 this month. Read the report. Listen to the audio conference. YouTube Video

  • Philadelphia FedScipione Appointed to Vice President and General Auditor

    The Bank announced that Michelle M. Scipione was recently appointed to the position of vice president and general auditor by the Audit Committee of the Bank's board of directors. Read the press release.

  • Survey of Professional ForecastersForecasters See Improved Outlook for Labor Market

    The outlook for growth in the U.S. economy over the next four years is little changed from that of three months ago, according to 42 participants in the Fourth Quarter Survey of Professional Forecasters. Survey participants see an improved outlook for the unemployment rate as well as lower inflation. Read the report.

  • Federal Reserve Bank of Philadelphia President Charles I. PlosserSpeech: Economic Growth and Monetary Policy: Is There a New Normal?

    President Charles Plosser gives his views on the debate about a new normal for economic growth in the U.S. economy. He also discusses the question of future productivity growth and highlight research in this area. Read the speech.

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

    President Charles Plosser gives his views on the economy and discusses why he remains positive about our country's economic prospects. He also shares his thoughts about the stance of monetary policy and the advantages of raising rates gradually and starting sooner instead of being forced to raise them abruptly later. 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 46 States into the First Quarter

    The Bank has released September'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 46 states into the first quarter of 2015. Read the report. PDF

  • Philadelphia FedBank Announces Appointments to Community Depository Institutions Advisory Council

    The Bank has announced new appointments to its Community Depository Institutions Advisory Council. The council, composed of representatives from commercial banks, thrift institutions, and credit unions, shares insights on economic and business trends facing community depository institutions in their local markets. Read the press release.

  • 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: November 21, 2014, 2:00 p.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 November 20, 2014.

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From the President

Charles I. Plosser
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