Philadelphia Fed manufacturing

Now 20.9 (Oct 1, 2026), before 37.8, a year ago −10.1.

How to read it

A regional survey of purchasing managers, out before the national ISM and read the same way: above zero firms expand, below zero they contract. New orders and prices paid hint at what ISM will show (ISM itself is licensed; its headline and consensus are in the week's calendar).

Source: FRED · monthly, third Thursday

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