Description:

This index is conducted by the Philadelphia Federal Reserve bank and targets the regional manufacturing level of this region. The index is calculated via a survey that questions companies on working hours, employment, and general conditions.

Released:

Less than three weeks after the end of the month

Key Point:

Changes in manufacturing are usually good indicators to which way the economy is heading. Therefore, the Philadelphia Index Survey is a useful indicator for conditions within the manufacturing sector.

Release site: Click here