Summary of Returns
November 2016

                       November vs. October          Six Months from Now
                                                     vs. November

                 Prev.                         Prev.
                 Diff.  Inc. No ch. Dec. Diff. Diff.  Inc. No ch. Dec. Diff.
                 Index                   Index Index                   Index

General Business    9.7  23.7  60.2  16.1   7.6  32.6  35.9  49.6   6.6  29.3
Conditions

New Orders         16.3  36.4  45.9  17.7  18.6  39.3  47.2  39.2   9.8  37.4

Shipments          15.3  34.8  49.3  15.4  19.5  40.8  42.4  43.5  12.2  30.2

Unfilled Orders    -0.7  15.6  72.9  11.5   4.1  15.3  21.1  65.6  13.0   8.1

Delivery Times     -0.3  10.6  84.9   4.5   6.1   6.2  17.0  69.9  11.6   5.4

Inventories       -12.8  28.4  56.0  15.0  13.4  14.0  21.9  56.5  15.7   6.2

Prices Paid         7.0  28.8  69.0   1.3  27.5  42.4  40.1  55.4   3.4  36.7

Prices Received    -3.7  19.6  75.0   3.5  16.0  29.2  33.6  61.4   2.6  31.0

Number of Emp.     -4.0  17.5  61.6  20.1  -2.6  25.9  25.1  56.7  13.3  11.8

Avg. Emp. Wrkwk.   -2.2  20.5  62.1  13.2   7.4  15.7  20.0  68.0  11.9   8.1

Capital Ex.        --    --    --    --    --    21.2  25.0  65.3   5.9  19.1


Notes: (1) Diffusion indexes represent the percentage of respondents indicating
           an increase minus the percentage indicating a decrease.
       (2) All data are seasonally adjusted.
       (3) Percentages may not sum to 100 percent because of rounding,
           omission by respondents, or both.
       (4) Survey results reflect data received through November 14, 2016.

Federal Reserve Bank of Philadelphia
Manufacturing Business Outlook Survey
Released: November 17, 2016, at 8:30 a.m. ET.

November 2016 Release

Manufacturing Business Outlook Survey Home Page

Downloading Historical Data for the Manufacturing Business Outlook Survey