Current New Orders; Percent Reporting Increases for Federal Reserve District 3: Philadelphia
NOCISA156MSFRBPHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34.20
Year-over-Year Change
17.12%
Date Range
5/1/1968 - 8/1/2025
Summary
The 'Current New Orders; Percent Reporting Increases for Federal Reserve District 3: Philadelphia' tracks the percentage of manufacturing firms in the Philadelphia region that report increases in new orders. This metric provides insight into regional economic activity and manufacturing sector performance.
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 regional manufacturing indicator from the Federal Reserve Bank of Philadelphia's Business Outlook Survey measures the proportion of local firms that experienced growth in new orders during the current period. It is used to assess production, demand, and overall economic conditions in the tri-state area.
Methodology
The data is collected through a monthly survey of manufacturing firms in the Federal Reserve's Third District, which includes eastern Pennsylvania, southern New Jersey, and Delaware.
Historical Context
This regional manufacturing indicator is closely watched by economists and policymakers to gauge the health of the manufacturing sector and inform local and national economic policy decisions.
Key Facts
- The Philadelphia Fed's manufacturing survey has been conducted monthly since 1968.
- The 'current new orders' metric ranges from 0% to 100%, with higher values indicating more firms seeing order growth.
- This regional indicator provides more granular insights compared to national manufacturing data.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the percentage of manufacturing firms in the Philadelphia Federal Reserve district that report increases in new orders, providing insight into regional economic activity and manufacturing performance.
Q: Why is this trend relevant for users or analysts?
A: This regional manufacturing indicator is closely watched by economists and policymakers as it offers timely insights into the health of the manufacturing sector and can inform local and national economic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of manufacturing firms in the Federal Reserve's Third District, which includes eastern Pennsylvania, southern New Jersey, and Delaware.
Q: How is this trend used in economic policy?
A: This regional manufacturing indicator is used by economists and policymakers to gauge the strength of the manufacturing sector and to inform local and national economic policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly, with a short lag, and provides a timely snapshot of regional manufacturing conditions.
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Citation
U.S. Federal Reserve, Current New Orders; Percent Reporting Increases for Federal Reserve District 3: Philadelphia (NOCISA156MSFRBPHI), retrieved from FRED.