The outlook for growth in the U.S. economy over the next three years looks weaker now than it did three months ago, according to the 40 participants responding to the First Quarter Survey of Professional Forecasters. Their outlook for the labor market is slightly positive, and the panel expects real GDP to grow at an annual rate of 2.0 percent this quarter and 2.5 percent next quarter. Read the report.
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 , New Jersey , and Pennsylvania .
The Bank has released December’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 second quarter of 2016. Read the report.
A Bank survey of Greater Philadelphia Chamber of Commerce members shows that business conditions improved in 2015 compared with 2014. Survey respondents expressed optimism that conditions will continue to improve in 2016. Read the report. Read the press release.
The Bank has released the December state coincident indexes, which measure current economic activity in each of the 50 states. This month’s coincident indexes suggest expansion in 39 states. Read the report.
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 February 11, 2016.