Summary of Returns
November 2018

                       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   22.2  34.5  43.7  21.6  12.9  33.8  42.4  33.6  15.2  27.2
Conditions

New Orders         19.3  32.3  44.0  23.2   9.1  43.4  57.5  29.3  11.0  46.5

Shipments          24.5  39.3  42.4  17.6  21.6  36.9  50.2  37.5  11.3  38.9

Unfilled Orders    -2.3  13.1  69.0  17.9  -4.8   3.4  24.4  63.3  11.4  13.1

Delivery Times      0.2  13.9  77.1   8.9   5.0  -4.9  13.6  70.0  11.2   2.5

Inventories        -0.8  23.0  60.6  13.5   9.5  12.4  26.0  53.2  16.0  10.0

Prices Paid        38.2  41.4  56.1   2.1  39.3  54.1  60.2  32.4   0.8  59.5

Prices Received    24.1  23.8  70.2   1.9  21.9  51.1  58.6  38.3   0.0  58.6

Number of Emp.     19.5  24.7  67.0   8.4  16.3  30.2  40.0  49.3   7.5  32.5

Avg. Emp. Wrkwk.   20.8  20.0  64.6  13.7   6.3  17.6  28.4  58.7   8.9  19.5

Capital Ex.        --    --    --    --    --    25.2  43.2  45.3   7.1  36.1


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 13, 2018.

Federal Reserve Bank of Philadelphia
Manufacturing Business Outlook Survey
Released: November 15, 2018, at 8:30 a.m. ET.

November 2018 Release

Manufacturing Business Outlook Survey Home Page

Downloading Historical Data for the Manufacturing Business Outlook Survey