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Wednesday, October 1, 2014

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Highlights

  • 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.

  • Coincident IndexesAugust's Coincident Indexes Show Increased Economic Activity in 39 States

    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. PDF

  • 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

  • Press ReleasePhiladelphia Fed President Plosser to Retire on March 1, 2015

    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 Business Outlook SurveyFirms See Increased Business Activity in September

    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. YouTube Video

  • Board of GovernorsFederal Open Market Committee (FOMC) Releases Statement

    The FOMC has released a statement detailing its economic outlook as well as its stance on continued accommodative monetary policy. Read the statement. External Link Watch Chair Janet Yellen’s press conference. External Link

  • 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: September 29, 2014, 10:00 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 September 29, 2014.

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Charles I. Plosser
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