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Saturday, May 25, 2013

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News & Advisories

Analysis: First Quarter House Prices

May 24, 2013 — The Philadelphia Fed today posted first quarter statistics on regional house prices released by the Federal Housing Finance Agency (FHFA). From the fourth quarter of 2012 to the first quarter of 2013, the purchase-only house price index for Pennsylvania was unchanged, while the indexes increased in Delaware, New Jersey, and the nation. Read the report.

Business Conditions Index Updated

May 23, 2013 — 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 5/18/2013.

Survey: LMI Households Experience Better Job Availability, Worsened Financial Conditions

May 22, 2013 — Service providers to low- and moderate-income (LMI) households in the region report that job availability for their clients improved for the third consecutive quarter, according to the Bank’s First Quarter 2013 Community Outlook Survey. At the same time, these service providers see worsened financial conditions for their clients. Read the survey.

April's Coincident Indexes Show Increased Economic Activity in 45 States

May 21, 2013 — The Bank has released the coincident indexes, which measure current economic activity in each of the 50 states. In April, the indexes increased in 45 states; over the past three months, the indexes increased in 47 states. Read the report.

Analysis: April State Employment Data

May 20, 2013 — The Philadelphia Fed today posted an analysis of April’s state employment statistics for Delaware, New Jersey, and Pennsylvania. Labor market conditions in the Third District were generally favorable in April, as payroll employment grew and unemployment rates fell in New Jersey and Pennsylvania. Read the report.

Region’s Manufacturers Report Weakened Business Activity

May 16, 2013 — Manufacturing firms responding to the Bank’s Business Outlook Survey reported weakened business activity. The survey’s index of current activity decreased to -5.2 in May from 1.3 in April. Future indicators suggest that respondents remain optimistic about business activity over the next six months. Read the report.