Summary of Returns
October 2017

                      October vs. September         Six Months from Now
                                                    vs. October

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

General Business  23.8  39.2  47.9  11.3  27.9  55.2  52.9  35.2   6.5  46.4
Conditions

New Orders        29.5  36.9  43.6  17.3  19.6  56.9  52.0  38.3   8.3  43.7

Shipments         37.8  38.7  44.8  14.2  24.4  55.8  52.3  35.5   7.0  45.3

Unfilled Orders   17.0  26.8  57.2  15.9  10.9  12.2  29.6  59.0  10.8  18.8

Delivery Times    14.5  26.8  67.8   5.1  21.6   4.6  19.3  60.4  16.9   2.4

Inventories       -1.4  22.2  61.7  16.1   6.0  18.9  28.3  53.9  15.9  12.4

Prices Paid       34.4  40.1  54.0   2.0  38.1  46.2  60.4  37.9   0.2  60.2

Prices Received   22.8  15.1  80.5   0.8  14.2  31.7  47.2  43.8   6.1  41.1

Number of Emp.     6.6  30.6  69.4   0.0  30.6  30.1  42.9  52.0   4.2  38.7

Avg. Emp. Wrkwk.  11.9  24.2  70.6   4.9  19.4  18.1  21.7  71.0   3.2  18.6

Capital Ex.        --    --    --    --    --   39.0  37.7  56.2   0.0  37.7


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 October 16, 2017.

Federal Reserve Bank of Philadelphia
Manufacturing Business Outlook Survey
Released: October 19, 2017, at 8:30 a.m. ET.

October 2017 Release

Manufacturing Business Outlook Survey Home Page

Downloading Historical Data for the Manufacturing Business Outlook Survey