Summary of Returns
November 2024

                         November vs. October          Six Months from Now
                                                       vs. November

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

General Business    10.3  17.6  58.2  23.1  -5.5  36.7  67.4  11.0  10.8  56.6
Conditions

New Orders          14.2  26.5  51.0  17.6  8.9   40.1  72.7  13.2  6.5   66.2

Shipments           7.4   23.9  50.1  19.3  4.5   45.8  60.6  22.4  8.5   52.1

Unfilled Orders     -1.5  23.2  55.8  16.4  6.8   26.1  34.4  54.1  5.6   28.8

Delivery Times      10.2  6.6   79.9  8.7   -2.1  11.1  14.9  72.8  4.8   10.1

Inventories         0.5   15.8  63.7  10.4  5.4   4.4   22.8  50.7  17.6  5.3

Prices Paid         29.7  26.6  67.0  0.0   26.6  47.3  63.7  31.5  0.0   63.7

Prices Received     17.9  15.4  76.4  1.1   14.3  40.0  48.5  48.5  0.0   48.5

Number of Emp.      -2.2  17.1  67.4  8.5   8.6   27.3  34.2  59.5  0.0   34.2

Avg. Emp. Wrkwk.   -11.8  19.1  73.9  1.7   17.4  25.0  18.0  73.4  1.1   16.9

Capital Ex.          --    --    --    --    --   23.5  24.9  73.1  0.0   24.9


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 because of rounding,
           omission by respondents, or both.
       (4) Survey results reflect data received through November 18, 2024.

Federal Reserve Bank of Philadelphia
Manufacturing Business Outlook Survey
Released: November 21, 2024, at 8:30 a.m. ET.

November 2024 Release
Manufacturing Business Outlook Survey Home Page
Downloading Historical Data for the Manufacturing Business Outlook Survey