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Survey of Professional Forecasters

The February 15, 2019, release of the Philadelphia Fed’s Survey of Professional Forecasters for the first quarter of 2019 has been postponed until 10:00 a.m. on March 22, 2019, due to the lack of historical data caused by the partial federal government shutdown.

The Survey of Professional Forecasters is the oldest quarterly survey of macroeconomic forecasts in the United States. The survey began in 1968 and was conducted by the American Statistical Association and the National Bureau of Economic Research. The Federal Reserve Bank of Philadelphia took over the survey in 1990.

The Survey of Professional Forecasters' web page offers the actual releases, documentation, mean and median forecasts of all the respondents as well as the individual responses from each economist. The individual responses are kept confidential by using identification numbers.

Recent Releases Last update: November 13, 2018, at 10:00 a.m. ET

Previous Releases

View previous releases of the Survey of Professional Forecasters going back to Third Quarter 1990. All surveys are in PDF format.

Historical SPF Forecast Data

Baseline Variables

Special Variables and Special Questions


Other Forecast Surveys

Next Release Date

The next release date is March 22, 2019, at 10:00 a.m. ET. The complete list of release dates is also available.


For additional information about the survey, send e-mail to: PHIL.SPF@phil.frb.org. E-mail

Call for Participants

We're looking for forecasters to join our panel.


Thanks to those who helped us with the data, including researchers who spotted data problems.