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News & Advisories

The Philadelphia Fed Releases its 2016 Annual Report

April 27, 2017 — The 2016 Annual Report features a series of essays examining how the Philadelphia Fed helps Third District communities prosper. The report also includes a letter from President Patrick T. Harker, a conversation with First Vice President James D. Narron, and the financial statements. Read the report.

Business Conditions Index Updated

April 27, 2017 — 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 4/22/2017.

March’s Coincident Indexes Show Increased Economic Activity in 45 States over the Past Three Months

April 26, 2017 — The Bank has released the March state coincident indexes, which measure current economic activity in each of the 50 states. This month’s coincident indexes suggest expansion in 45 states over the past three months. Read the report. PDF

Nonmanufacturing Activity Continued to Grow

April 25, 2017 — Business activity in the region's nonmanufacturing sector continued to expand, according to firms responding to the April Nonmanufacturing Business Outlook Survey. The index for general activity at the firm level edged up from 32.5 in March to 34.9 in April. The respondents to this month’s survey remained optimistic about growth over the next six months. Read the report.

Aruoba Term Structure of Inflation Expectations Updated

April 21, 2017 — The Federal Reserve Bank of Philadelphia’s Real-Time Data Research Center has updated the Aruoba Term Structure of Inflation Expectations (ATSIX), a smooth, continuous curve of inflation expectations three to 120 months ahead. The ATSIX is created by using a factor model that optimally combines several major surveys.

February's Leading Indexes Suggest Expansion in 46 States into the Third Quarter of 2017

April 21, 2017 — The Bank has released February’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 46 states into the third quarter of 2017. Read the report. PDF

Business Conditions Index Updated

April 20, 2017 — 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 4/15/2017.

Manufacturing Activity Continued to Expand in April, but at a Slower Pace

April 20, 2017 — Manufacturing activity in the region continued to grow in April, but at a slower pace than last month, according to firms responding to this month’s Manufacturing Business Outlook Survey. The index for current manufacturing activity in the region decreased from a reading of 32.8 in March to 22.0 this month. Read the report.

Beige Book Released Today

April 19, 2017 — Overall, economic activity continued to rise modestly in the Third District with continued moderate growth among manufacturers and homebuilders. However, activity was essentially flat in several other sectors, including consumer spending. Many contacts remained cautiously optimistic. In general, employment, wages, and prices continued to rise at a modest pace. Read the national summary.

Business Conditions Index Updated

April 18, 2017 — The Federal Reserve Bank of Philadelphia’s Real-Time Data Research Center has updated the ADS business conditions index with information on industrial production for March 2017.