Philadelphia Fed Index


for example, forex
Country: USA
Definition: Survey of manufacturers from Philadelphia (the USA), which indicates their attitude towards current economic situation
Description: Philadelphia Fed index is a survey of about 100 manufacturers in Philadelphia, which indicates their attitude towards current economic situation and perspectives for the nearest 6 months. The index signals economic rates of growth slowdown when it is below zero. This index can indicate what to expect from ISM index (Institute of Supply Managment’ index, former NAPM — National Association of Purchasing Managers), which comes out a few days later
Influence: This index increase triggers USD rise
Market Importance: 1
Released: Released monthly, on the 3rd Thursday of the month at 10:00 AM ET
Source: The Federal Reserve Bank of Philadelphia

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