Summary of Returns
October 2018

                       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   22.9  35.9  48.6  13.7  22.2  36.3  47.7  33.7  13.9  33.8
Conditions

New Orders         21.4  34.6  49.2  15.4  19.3  34.7  54.4  32.6  11.0  43.4

Shipments          19.6  36.4  50.5  11.9  24.5  35.5  47.5  36.8  10.6  36.9

Unfilled Orders    12.6  11.0  73.8  13.3  -2.3  10.5  21.5  55.9  18.1   3.4

Delivery Times     11.1  12.5  75.2  12.3   0.2   5.2   8.2  74.3  13.1  -4.9

Inventories        -3.5  17.0  62.7  17.8  -0.8   0.4  24.2  57.8  11.8  12.4

Prices Paid        39.6  42.0  47.5   3.8  38.2  49.6  57.7  35.3   3.7  54.1

Prices Received    19.6  26.7  66.9   2.6  24.1  44.2  56.3  34.2   5.2  51.1

Number of Emp.     17.6  30.1  58.3  10.6  19.5  31.7  41.7  43.2  11.5  30.2

Avg. Emp. Wrkwk.   14.6  28.7  61.7   7.9  20.8  10.8  25.8  61.0   8.2  17.6

Capital Ex.        --    --    --    --    --    26.7  32.8  53.3   7.7  25.2


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 October 16, 2018.

Federal Reserve Bank of Philadelphia
Manufacturing Business Outlook Survey
Released: October 18, 2018, at 8:30 a.m. ET.

October 2018 Release

Manufacturing Business Outlook Survey Home Page

Downloading Historical Data for the Manufacturing Business Outlook Survey