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News & Advisories

Business Conditions Index Updated

November 21, 2019 — 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 11/16/2019.

Current Manufacturing Indexes Suggest Overall Growth in November

November 21, 2019 — Manufacturing activity in the region continued to grow, according to results from the November Manufacturing Business Outlook Survey. The diffusion index for current general activity rose 5 points this month to 10.4. The survey’s future indexes indicate that respondents continue to expect growth over the next six months. Read the report.

Tri-State Tracking Updated

November 15, 2019 — 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. The latest update includes monthly data for employment, building permits, and mortgage delinquencies through September 2019 and quarterly data for house prices and personal income through the second quarter of 2019.  Read the reports for Delaware PDF , New Jersey PDF , and Pennsylvania PDF .

Forecasters See Lower Near-Term Growth

November 15, 2019 — The U.S. economy for the next four quarters looks weaker now than it did three months ago, according to 39 forecasters responding to the Fourth Quarter Survey of Professional Forecasters. The panel predicts real GDP will grow at an annual rate of 1.7 percent this quarter, down from 2.0 percent in the last survey, 1.9 percent next quarter, and 1.7 percent in each of the two following quarters. On the employment front, the forecasters have marginally revised upward their estimates for job gains over the next two years. Read the report.

Fed’s Harker Addresses Employment and the Economy at a Meeting in Delaware

November 13, 2019 — Philadelphia Fed President Patrick Harker provided his outlook on the economy and his perspective on the labor market at a meeting of the Commercial-Industrial Realty Council in Delaware. Read the press release. Read the speech.

Fed’s Harker Speaks About Building the Workforce of the Future

November 6, 2019 — During welcome remarks at the Business Innovations for the Future of Work summit, Philadelphia Fed President Patrick T. Harker said that low unemployment and accelerating technological change offer “the chance of a lifetime” to rethink how we approach workforce development. Harker highlighted cross-sector partnerships that are innovating how businesses invest in workers’ skills to create a more inclusive and resilient workforce. Read the speech.

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