August 2017

                     August vs. July           Six Months from Now
                                               vs. August

                Prev.                     Prev.
                Diff.Inc. No chDec. Diff. Diff.Inc. No chDec. Diff.
                Index               Index Index               Index

General Business 19.5 35.3 42.2 16.4  18.9 36.9 48.8 32.6  6.5 42.3
Conditions

New Orders        2.1 39.2 40.6 18.7  20.4 39.4 52.2 32.4  3.1 49.1

Shipments        12.2 44.0 38.2 14.7  29.4 25.9 54.4 27.6 10.3 44.1

Unfilled Orders   7.2 22.3 63.8  7.9  14.5 11.4 23.8 57.7  6.8 16.9

Delivery Times    7.4 13.9 77.9  3.4  10.5  1.6 15.5 64.9  8.7  6.8

Inventories       0.7 17.6 56.2 23.7  -6.1 25.8 39.2 38.6 13.0 26.2

Prices Paid      19.1 23.6 71.5  2.6  21.1 46.6 41.2 40.0  6.4 34.8

Prices Received   9.0 16.3 79.4  2.8  13.5 29.7 43.0 45.5  2.6 40.4

Number of Emp.   10.9 15.2 79.6  5.0  10.1 27.0 37.6 46.6  4.5 33.1

Avg. Emp. Wrkwk.  3.8 27.4 62.4  8.6  18.8  4.3 24.2 59.3  8.9 15.3

Capital Ex.      --   --   --   --    --   42.0 42.4 43.5  3.2 39.2


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 August 14, 2017.

Federal Reserve Bank of Philadelphia
Manufacturing Business Outlook Survey
Released: August 17, 2017, at 8:30 a.m. ET.

August 2017 Release

Manufacturing Business Outlook Survey Home Page

Downloading Historical Data for the Manufacturing Business Outlook Survey