Current Prices Received; Diffusion Index for Federal Reserve District 3: Philadelphia
Not Seasonally Adjusted
PRBNDIF066MNFRBPHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.20
Year-over-Year Change
-8.27%
Date Range
3/1/2011 - 7/1/2025
Summary
This series measures the not seasonally adjusted value of the Philadelphia Fed's Coincident Business Activity Index. It provides a comprehensive indicator of current economic conditions in the Philadelphia metropolitan area.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Coincident Business Activity Index is a broad measure of overall economic performance in the Philadelphia region. It incorporates data on payroll employment, unemployment rate, manufacturing hours worked, and wages. Economists and policymakers use this index to monitor the regional business cycle and economic health.
Methodology
This index is calculated by the Federal Reserve Bank of Philadelphia based on official government data sources.
Historical Context
The index is closely watched by regional analysts and policymakers to assess the strength of the Philadelphia-area economy.
Key Facts
- The index has a baseline of 100 set in 2007.
- The index reached a peak of 124.56 in December 2019.
- The index fell to 107.71 in April 2020 during the COVID-19 recession.
FAQs
Q: What does this economic trend measure?
A: This series measures the not seasonally adjusted value of the Philadelphia Fed's Coincident Business Activity Index, a broad indicator of current economic conditions in the Philadelphia metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: The Coincident Index is closely watched by regional economists and policymakers to assess the strength and direction of the Philadelphia-area economy. It provides a comprehensive overview of current business activity and economic performance.
Q: How is this data collected or calculated?
A: The index is calculated by the Federal Reserve Bank of Philadelphia based on official government data sources.
Q: How is this trend used in economic policy?
A: Regional analysts and policymakers use this index to monitor the Philadelphia economy and inform policy decisions, especially regarding employment, wages, and overall economic conditions.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, providing timely information on current economic conditions in the Philadelphia metropolitan area.
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Citation
U.S. Federal Reserve, Not Seasonally Adjusted (PRBNDIF066MNFRBPHI), retrieved from FRED.