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News & Advisories

Business Conditions Index Updated

October 19, 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 10/14/2017.

Manufacturing Activity Continued to Expand in October

October 19, 2017 — Manufacturing firms reported continued growth in regional manufacturing in October, according to firms responding to this month’s Manufacturing Business Outlook Survey. The diffusion index for current manufacturing activity in the region increased from 23.8 in September to 27.9 in October. The indexes assessing the six-month outlook suggest that firms remained optimistic about future growth. Read the report.

Beige Book Released Today 

October 18, 2017 — Overall, economic activity in the Third District continued at a modest pace of growth. Most sectors, including manufacturing and nonfinancial services, continued to grow modestly. Nonauto retail sales showed slight improvement, and auto sales grew modestly after declining in the previous period. On balance, employment changed little, while wages and prices continued to grow modestly. Read the national summary.   Read the Philadelphia summary

President Harker Speaks at Equitable Transit Summit in Scranton, PA

October 17, 2017 — Addressing the Equitable Transit Summit in Scranton, PA, on October 17, Philadelphia Fed President Patrick Harker discussed how access to transportation is a building block for economic well-being. Read the speech.

Third Quarter 2017 South Jersey Business Survey Released

October 12, 2017 — The South Jersey Business Survey for the third quarter of 2017 has been released. The survey is based on responses from members of the Chamber of Commerce Southern New Jersey. Read the report

Federal Reserve Conference Explores Opportunities to Improve Transit Systems to Better Connect People to Jobs

October 11, 2017 — On October 17, the Federal Reserve Bank of Philadelphia will cohost the Northeast Pennsylvania Equitable Transit Summit in Scranton, PA. The event will explore strategies to transform transportation systems to better connect people to jobs, affordable housing, health care, education, and other services. Read the press release.