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Tuesday, September 30, 2014

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News & Advisories

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

September 29, 2014 — 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

Business Conditions Index Updated

September 29, 2014 — The Federal Reserve Bank of Philadelphia’s Real-Time Data Research Center has updated the ADS business conditions index with information on real personal income less transfer payments for August 2014 and real manufacturing and trade sales for July 2014.

GDPplus Updated

September 26, 2014 — The Federal Reserve Bank of Philadelphia’s Real-Time Data Research Center has updated GDPplus for the U.S. Bureau of Economic Analysis's release today of quarterly data from the national income and product accounts.

Business Conditions Index Updated

September 26, 2014 — The Federal Reserve Bank of Philadelphia’s Real-Time Data Research Center has updated the ADS business conditions index with information on real GDP for the second quarter of 2014 (third release).

Business Conditions Index Updated

September 25, 2014 — The Federal Reserve Bank of Philadelphia’s Real-Time Data Research Center has updated the ADS business conditions index with information on initial jobless claims for the week ending 9/20/2014.

Bank Announces Appointments to Economic Advisory Council

September 24, 2014 — 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 release.

August's Coincident Indexes Show Increased Economic Activity in 39 States

September 24, 2014 — 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

Regional Activity in Nonmanufacturing Industries Expands

September 23, 2014 — 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.

Read the Latest Business Review

September 23, 2014 — 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

Philadelphia Fed President Plosser to Retire on March 1, 2015

September 22, 2014 — 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.

Firms See Increased Business Activity in September

September 18, 2014 — 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

Second Quarter 2014 Banking Brief Released

September 18, 2014 — The Second Quarter 2014 Banking Brief, which analyzes recent banking trends in the tri-state region as well as banking developments in the nation, has been released. Read the report. PDF

Media Contacts

Marilyn Wimp, ABC E-mail
Manager of Media Relations
(215) 574-4197
(267) 254-4555 (cell)

Daneil Mazone E-mail
Media Relations Representative
(215) 574-7163
(267) 535-1808 (cell)

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