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News & Advisories

Business Conditions Index Updated

August 17, 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 8/12/2017 and industrial production for July 2017.

Manufacturing Activity Continued to Grow in August

August 17, 2017 — Manufacturing activity continued to advance in August, according to firms responding to this month’s Manufacturing Business Outlook Survey. The diffusion index for current manufacturing activity fell slightly from 19.5 in July to 18.9 in August. The survey’s future indexes indicate that respondents continue to expect growth over the next six months. Read the report.

Forecasters Predict Weaker Outlook for Growth and Lower Unemployment

August 11, 2017 — The outlook for growth in the U.S. economy over the next three years looks slightly weaker overall than that of three months ago, according to the 39 participants responding to the Third Quarter Survey of Professional Forecasters. The panel expects real GDP to grow at an annual rate of 2.6 percent this quarter and 2.3 percent next quarter. The projections for the unemployment rate for the next four quarters (and the next four years) are below those of the last survey, indicating a brighter outlook for unemployment. Read the report.

Analysis: July Unemployment Rate Nowcasts

August 4, 2017 — The Federal Reserve Bank of Philadelphia’s July nowcasts predict that unemployment rates are expected to remain unchanged in New Jersey, Pennsylvania, and Delaware. Read the report. PDF

Tri-State Tracking Updated

August 4, 2017 — 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 June 2017 and quarterly data for house prices and personal income through the first quarter of 2017. Read the reports for Delaware PDF , New Jersey PDF , and Pennsylvania PDF .

The Summer 2017 Issue of Cascade Is Now Available

August 2, 2017 — The latest issue of Cascade focuses on the Community Reinvestment Act, a Federal Reserve System initiative on Investing in America‚Äôs Workforce, and a new fund that invests in community development financial institutions. Read the issue.