Current New Orders; Percent of Respondents Reporting Increases for Federal Reserve District 3: Philadelphia
NOBNINC156MSFRBPHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40.50
Year-over-Year Change
84.93%
Date Range
3/1/2011 - 8/1/2025
Summary
The 'Current New Orders; Percent of Respondents Reporting Increases for Federal Reserve District 3: Philadelphia' tracks the percentage of businesses in the Philadelphia region that report increases in new orders, a key indicator of economic activity.
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
This series measures the share of firms in the Philadelphia Federal Reserve District that see increases in new orders, providing insight into regional manufacturing and commercial conditions. It is a closely watched metric used by economists and policymakers to assess the health of the local economy.
Methodology
The data is collected through the Philadelphia Fed's monthly Business Outlook Survey of regional manufacturers.
Historical Context
Trends in new orders are an important input for the Federal Reserve and other institutions in formulating economic policy.
Key Facts
- The Philadelphia Fed's new orders index ranges from 0 to 100%.
- Readings above 50% signal growth in new orders.
- The metric has been tracked since 1968.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the percentage of businesses in the Philadelphia Federal Reserve District that report increases in new orders, a key indicator of economic activity and demand.
Q: Why is this trend relevant for users or analysts?
A: Trends in new orders provide important insights into the health of the regional manufacturing and commercial sectors, making this a closely watched indicator for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Philadelphia Fed's monthly Business Outlook Survey of regional manufacturers.
Q: How is this trend used in economic policy?
A: Measures of new orders are a key input for the Federal Reserve and other institutions in formulating monetary and fiscal policies to support economic growth.
Q: Are there update delays or limitations?
A: The Philadelphia Fed releases this data on a monthly basis, with a typical lag of several weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Current New Orders; Percent of Respondents Reporting Increases for Federal Reserve District 3: Philadelphia (NOBNINC156MSFRBPHI), retrieved from FRED.