Summary of Returns
June 2019

                       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   16.6  31.2  36.9  30.9   0.3  19.7  39.9  32.4  18.5  21.4
Conditions

New Orders         11.0  38.2  32.0  29.9   8.3  21.3  51.4  28.2  19.9  31.5

Shipments          27.6  37.8  40.3  21.2  16.6  28.3  56.7  25.2  15.4  41.3

Unfilled Orders     1.9  24.0  62.2  13.8  10.2 -10.6  14.8  63.2  17.1  -2.3

Delivery Times      3.4  20.7  71.7   5.2  15.6   4.5  15.6  67.8  13.2   2.4

Inventories        -3.1  17.5  63.8  15.1   2.4  -2.4  18.9  57.1  19.8  -0.9

Prices Paid        23.1  28.0  55.2  15.1  12.9  42.3  38.3  51.2   8.1  30.2

Prices Received    17.5   9.8  80.0   9.2   0.6  38.6  28.8  62.7   4.4  24.4

Number of Emp.     18.2  24.8  63.8   9.4  15.4  27.3  35.1  53.7   8.1  27.0

Avg. Emp. Wrkwk.   10.9  18.7  68.2  11.4   7.3   9.2  29.3  50.9  17.9  11.4

Capital Ex.        --    --    --    --    --    23.3  32.8  57.5   4.8  28.0


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 17, 2019.

Federal Reserve Bank of Philadelphia
Manufacturing Business Outlook Survey
Released: June 20, 2019, at 8:30 a.m. ET.

June 2019 Release

Manufacturing Business Outlook Survey Home Page

Downloading Historical Data for the Manufacturing Business Outlook Survey