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.
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.
The Bank has released the coincident indexes, which measure current economic activity in each of the 50 states. In August, the indexes increased in 39 states, decreased in six, and remained stable in five. Read the report.
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.
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.
Charles I. Plosser, president and chief executive officer of the Federal Reserve Bank of Philadelphia, announces that he will retire, effective March 1, 2015. President Plosser, 66, has served as the 10th president of the Philadelphia Fed since August 1, 2006. Read the press release.
Manufacturing activity continued to grow in September, according to firms responding to the latest Manufacturing Business Outlook Survey. Although the current activity index fell from a reading of 28.0 in August to 22.5 this month, the other broad indicators increased from their readings last month. The employment index increased to its highest reading since May 2011. Read the report. Listen to the audio conference.
The 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.
A monthly survey of manufacturers in the Third Federal Reserve District.
A monthly survey of nonmanufacturers in the Third Federal Reserve District.
Combine four state-level indicators to summarize current economic conditions in a single statistic.
Predict the six-month growth rate of the state's coincident index.
Designed to track real macroeconomic activity at high frequency. Last updated on September 29, 2014.