As of the April 2021 release, the Philadelphia Fed has adjusted the seasonal factors used to calculate the survey’s diffusion indexes and revised the full set of historical data. For more information, click here. For the revised historical data, click here.
Manufacturing Business Outlook Survey
The Manufacturing Business Outlook Survey is a monthly survey of manufacturers in the Third Federal Reserve District. Participants indicate the direction of change in overall business activity and in the various measures of activity at their plants: employment, working hours, new and unfilled orders, shipments, inventories, delivery times, prices paid, and prices received. The survey has been conducted each month since May 1968.
We take measures to ensure the information is published on our website after 8:30 a.m. We cannot guarantee exact timing or order of publication. We may, without notice and from time to time, revise the content available on this website; however, we make no commitment to do so.
For those who wish to know the exact order of publication, our intention, in the ordinary course, is for the .txt file containing all release details to precede all other supplemental web and historical data files. As an example, you can download the January 2016 release.
Last updated: April 15, 2021, 8:30 AM EST
The Philly Fed Index Turns 50 with Steadfast Success, Economic Insights, Fourth Quarter 2018
What Does the Philadelphia Fed's Business Outlook Survey Say About Local Activity? Research Rap Special Report, December 2008
Archives: PDF versions of the Manufacturing Business Outlook Survey are available for download in ZIP archives.