Summary of Returns
August 2019

                       August vs. July               Six Months from Now
                                                     vs. August

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

General Business   21.8  37.2  41.1  20.5  16.8  38.0  46.3  33.3  13.7  32.6
Conditions

New Orders         18.9  41.4  41.6  15.6  25.8  45.7  51.9  34.9   7.8  44.1

Shipments          24.9  37.8  43.4  18.8  19.0  41.3  52.7  34.1   9.2  43.5

Unfilled Orders     3.7  19.2  68.8  10.1   9.1   7.7  19.8  63.9  11.8   8.0

Delivery Times     15.0  15.2  76.0   5.9   9.3   6.2  12.3  68.7  10.8   1.5

Inventories         8.1  27.2  50.2  18.5   8.7   2.3  26.3  50.1  15.2  11.0

Prices Paid        16.1  24.8  61.1  12.0  12.8  35.3  46.7  38.8   7.7  39.0

Prices Received     9.5  16.2  79.3   3.2  13.0  34.1  33.6  54.0   5.9  27.8

Number of Emp.     30.0  24.5  54.6  20.9   3.6  24.9  31.3  57.6   6.3  25.0

Avg. Emp. Wrkwk.   23.0  23.0  56.3  16.2   6.8   7.9  16.6  70.3   8.9   7.7

Capital Ex.        --    --    --    --    --    36.9  30.2  57.0   7.6  22.6


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 August 12, 2019.

Federal Reserve Bank of Philadelphia
Manufacturing Business Outlook Survey
Released: August 15, 2019, at 8:30 a.m. ET.

August 2019 Release

Manufacturing Business Outlook Survey Home Page

Downloading Historical Data for the Manufacturing Business Outlook Survey