Summary of Returns
September 2019

                       September vs. August          Six Months from Now
                                                     vs. September

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

General Business   16.8  28.3  54.8  16.3  12.0  32.6  37.2  39.2  16.4  20.8
Conditions

New Orders         25.8  38.4  47.2  13.7  24.8  44.1  47.3  39.4  12.1  35.2

Shipments          19.0  36.6  49.9  10.3  26.4  43.5  54.5  31.0  13.1  41.3

Unfilled Orders     9.1  24.3  69.0   6.7  17.6   8.0  18.2  70.4   9.7   8.5

Delivery Times      9.3  17.1  75.4   5.6  11.6   1.5  11.4  77.3   8.9   2.6

Inventories         8.7  30.5  59.3   8.7  21.8  11.0  21.2  60.0  13.2   8.0

Prices Paid        12.8  37.6  57.8   4.6  33.0  39.0  52.7  41.5   4.0  48.7

Prices Received    13.0  26.0  68.9   5.1  20.8  27.8  44.5  44.3   8.2  36.3

Number of Emp.      3.6  24.6  66.5   8.8  15.8  25.0  35.4  58.6   4.9  30.6

Avg. Emp. Wrkwk.    6.8  19.6  73.7   6.7  13.0   7.7  20.1  65.1  14.8   5.3

Capital Ex.        --    --    --    --    --    22.6  30.8  60.6   4.9  25.9


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 September 16, 2019.

Federal Reserve Bank of Philadelphia
Manufacturing Business Outlook Survey
Released: September 19, 2019, at 8:30 a.m. ET.

September 2019 Release

Manufacturing Business Outlook Survey Home Page

Downloading Historical Data for the Manufacturing Business Outlook Survey