Future New Orders; Percent Reporting Decreases for Federal Reserve District 3: Philadelphia
NOFDNA156MNFRBPHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23.10
Year-over-Year Change
-21.43%
Date Range
5/1/1968 - 8/1/2025
Summary
The Federal Reserve's Future New Orders indicator tracks the percentage of manufacturers in the Philadelphia Federal Reserve District reporting decreases in new orders. This metric provides insight into the manufacturing sector's future demand and economic health.
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 Future New Orders indicator is a component of the Philadelphia Fed's monthly Business Outlook Survey, which gauges activity in the region's manufacturing sector. The percentage reporting decreases offers a forward-looking signal of potential production and sales slowdowns.
Methodology
This survey data is collected directly from manufacturing firms in the Philadelphia Fed's district.
Historical Context
Economists and policymakers monitor this indicator to assess the trajectory of the broader economy.
Key Facts
- The Philadelphia Fed district covers eastern Pennsylvania, southern New Jersey, and Delaware.
- This indicator has a long history dating back to the 1960s.
- Decreases in new orders often signal an upcoming slowdown in production and sales.
FAQs
Q: What does this economic trend measure?
A: The Future New Orders indicator tracks the percentage of manufacturers in the Philadelphia Federal Reserve District that report decreases in new orders, providing a forward-looking signal on the manufacturing sector's future demand.
Q: Why is this trend relevant for users or analysts?
A: This metric offers insight into the trajectory of the broader economy, as new orders are a leading indicator of production, employment, and sales.
Q: How is this data collected or calculated?
A: The data is collected directly from manufacturing firms in the Philadelphia Fed's district through the monthly Business Outlook Survey.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this indicator to assess the health of the manufacturing sector and broader economic conditions, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a short lag, providing timely insight into manufacturing trends.
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Citation
U.S. Federal Reserve, Future New Orders; Percent Reporting Decreases for Federal Reserve District 3: Philadelphia (NOFDNA156MNFRBPHI), retrieved from FRED.