Philadelphia Fed Index
| Country: | USA |
| Definition: | Survey of manufacturers from Philadelphia (the USA), which indicates their attitude towards current economic situation |
| Description: | Philadelphia Fed index is a survey of about 100 manufacturers in Philadelphia, which indicates their attitude towards current economic situation and perspectives for the nearest 6 months. The index signals economic rates of growth slowdown when it is below zero. This index can indicate what to expect from ISM index (Institute of Supply Managment’ index, former NAPM — National Association of Purchasing Managers), which comes out a few days later |
| Influence: | This index increase triggers USD rise |
| Market Importance: |
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| Released: | Released monthly, on the 3rd Thursday of the month at 10:00 AM ET |
| Source: | The Federal Reserve Bank of Philadelphia |
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