September 21, 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 9/16/2017.
September 21, 2017 — Manufacturing firms reported an improvement in regional manufacturing conditions in September, according to firms responding to this month’s Manufacturing Business Outlook Survey. The diffusion index for current manufacturing activity in the region increased from 18.9 in August to 23.8 in September. The survey’s future indicators suggest that manufacturers have generally grown more optimistic over the past three months. Read the report.
September 11, 2017 — The Second Quarter 2017 Banking Brief, which analyzes recent banking trends in the tri-state region as well as banking developments in the nation, has been released. Read this quarter’s Banking Brief.
September 8, 2017 — The Philadelphia Fed has updated its monthly Tri-State Tracking series that provides statewide summaries of economic conditions using monthly and quarterly data of employment, housing, and personal income. The latest update includes monthly data for employment, building permits, and mortgage delinquencies through July 2017; quarterly data for house prices through the second quarter of 2017; and personal income through the first quarter of 2017. Read the reports for Delaware , New Jersey , and Pennsylvania .
September 8, 2017 — Speaking at the Federal Reserve Bank of Philadelphia’s New Perspectives on Consumer Behavior in Credit & Payments Markets conference, Philadelphia Fed President Patrick Harker announced the Fed’s new Consumer Finance Institute. Watch Live. Read the speech. Read the press release.
September 6, 2017 — Overall, economic activity in the Third District resumed a modest pace of growth, with trends improving for nonauto retail sales, new home construction, and nonresidential construction and leasing, while manufacturing growth softened and auto sales declined further. Other sectors continued to grow modestly. On balance, employment and wages continued to grow modestly, and prices resumed a modest pace of growth. Read the national summary. Read the Philadelphia summary.