Summary of Returns
April 2019

                       April vs. March               Six Months from Now
                                                     vs. April

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

General Business   13.7  31.9  43.3  23.4   8.5  21.8  39.1  30.7  20.0  19.1
Conditions

New Orders          1.9  39.4  36.8  23.8  15.7  19.8  43.5  31.7  19.6  23.9

Shipments          20.0  39.2  39.7  20.8  18.4  20.5  42.3  32.1  19.2  23.1

Unfilled Orders     3.1  18.5  62.4  18.1   0.4  13.1  19.6  62.9  15.7   3.9

Delivery Times      8.8   8.5  77.3  13.6  -5.1  -7.5  12.3  73.3  10.4   2.0

Inventories        17.2  25.6  47.6  23.0   2.6  -9.8  12.4  58.4  20.0  -7.6

Prices Paid        19.7  26.4  67.1   4.8  21.6  47.3  30.3  57.2   4.4  26.0

Prices Received    24.7  22.9  71.4   2.9  20.0  32.4  28.7  62.9   3.2  25.4

Number of Emp.      9.6  26.8  61.0  12.1  14.7  24.9  25.1  60.3  10.2  14.9

Avg. Emp. Wrkwk.   10.6  22.6  65.0  11.4  11.2   9.2  12.4  73.7   8.8   3.6

Capital Ex.        --    --    --    --    --    19.5  34.1  54.6   3.2  30.9


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 April 15, 2019.

Federal Reserve Bank of Philadelphia
Manufacturing Business Outlook Survey
Released: April 18, 2019, at 8:30 a.m. ET.

April 2019 Release

Manufacturing Business Outlook Survey Home Page

Downloading Historical Data for the Manufacturing Business Outlook Survey