Summary of Returns
June 2018

                       June vs. May                  Six Months from Now
                                                     vs. June

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

General Business   34.4  36.6  44.7  16.8  19.9  38.7  47.8  28.0  13.0  34.8
Conditions

New Orders         40.6  38.0  41.8  20.2  17.9  40.3  46.0  40.1   7.7  38.2

Shipments          25.8  41.1  46.6  12.3  28.7  46.8  49.8  32.2  12.7  37.0

Unfilled Orders    15.3  17.2  61.9  19.9  -2.7   9.4  27.0  56.2   9.8  17.2

Delivery Times     18.5  15.8  76.5   6.2   9.6   7.5  11.2  73.2   9.7   1.5

Inventories         8.1  27.7  51.8  17.5  10.2  14.8  29.6  48.2  12.3  17.2

Prices Paid        52.6  53.9  41.8   2.2  51.8  63.4  66.6  25.1   4.0  62.6

Prices Received    36.4  33.9  63.5   0.7  33.2  33.6  57.0  35.9   0.4  56.6

Number of Emp.     30.2  33.5  59.9   3.1  30.4  42.8  38.1  52.3   4.1  34.1

Avg. Emp. Wrkwk.   34.4  29.4  62.9   5.2  24.2  10.1  22.6  65.3   8.5  14.1

Capital Ex.        --    --    --    --    --    21.6  41.3  47.6   4.8  36.5


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 June 18, 2018.

Federal Reserve Bank of Philadelphia
Manufacturing Business Outlook Survey
Released: June 21, 2018, at 8:30 a.m. ET.

June 2018 Release

Manufacturing Business Outlook Survey Home Page

Downloading Historical Data for the Manufacturing Business Outlook Survey