| Source | |
| Measures | Level of a diffusion index based on surveyed manufacturers in Philadelphia; |
| Usual Effect | 'Actual' greater than 'Forecast' is good for currency; |
| Frequency | Released monthly, on the third Thursday of the current month; |
| Next Release | |
| FF Notes | Above 0.0 indicates improving conditions, below indicates worsening conditions; |
Why Traders
Care | It's a leading indicator of economic health - businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment; |
| Derived Via | Survey of about 250 manufacturers in the Philadelphia Federal Reserve district which asks respondents to rate the relative level of general business conditions; |
| Also Called | Philadelphia Fed Business Outlook Survey; |
