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Friday, May 22, 2015

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  • Manufacturing Business Outlook SurveyManufacturing Activity Increased Modestly in May

    Manufacturing activity increased modestly in May, according to firms responding to the latest Manufacturing Business Outlook Survey. The diffusion index of current activity decreased from 7.5 in April to 6.7 this month. The index has remained in a single-digit range for the first five months of this year. Read the report. Listen to the audio conference. YouTube

  • Business ReviewRead the Latest Business Review

    What does the geographic persistence of some cities over hundreds or thousands of years tell us about today's urban policy? Why does monetary policy sometimes have unintended consequences for income and wealth distribution? And the inaugural Regional Spotlight asks: What's holding back homebuilding? Download the entire issue. PDF

  • Regional SpotlightRegional Spotlight: What's Holding Back Homebuilding?

    In a new feature, Regional Spotlight, the Philadelphia Fed examines the slow recovery of residential construction in the tristate area and the nation. PDF

  • Survey of Professional ForecastersForecasters See Weaker Outlook for Growth

    The outlook for growth in the U.S. economy over the next three years looks weaker now than it did in February, according to 44 forecasters surveyed by the Federal Reserve Bank of Philadelphia. Their expectations for the unemployment rate are more optimistic. Read the report.

  • 2014 Annual Report Annual Report Essay Offers "Reflections on Monetary Policy"

    The Philadelphia Fed's 2014 Annual Report features an essay by former President Charles Plosser about four principles he believes would improve the framework for setting monetary policy. Read the essay. The report also contains messages from the former president and the first vice president as well as a review of 2014 activities, including the Reinventing Older Communities conference. Read the report.

  • Community Development Studies & EducationBank Announces Officer Promotions

    The Philadelphia Fed has announced the promotions of Michael T. Doyle to vice president in Treasury Payments and Jill Hettinger to budget officer in the Enterprise Risk Management Department. Read the release.

  • Community Development Studies & EducationPhiladelphia Fed's Theresa Singleton Named Community Development Champion of the Year

    Theresa Singleton, vice president of the Community Development Studies and Education Department at the Philadelphia Fed, has been named Community Development Champion of the Year by the Philadelphia Association of Community Development Corporations. The award is given to an individual whose accomplishments have advanced the community development field. Read the release.

  • Community Development Studies & EducationThe Spring 2015 Issue of Cascade Is Now Available

    This issue of Cascade focuses on financial education and literacy. The articles examine individual development accounts for young people aging out of foster care, innovations on prize-linked savings and mobile devices, lessons from the Philadelphia Fed’s Keys to Financial Success personal finance course, and more. Read the issue.

  • Philadelphia Fed2015 Policy Summit on Housing, Human Capital, and Inequality

    Registration is now open for the 2015 Policy Summit on Housing, Human Capital, and Inequality. This biennial national conference, which will be held June 18-19 at the Omni William Penn Hotel in Pittsburgh, will focus on ways that economic growth can more equitably benefit low- and moderate-income individuals and communities. View the agenda and register. External Link

  • Patrick T. HarkerPhiladelphia Fed Names Patrick T. Harker as Its Next President and CEO

    The board of directors of the Philadelphia Fed has announced that Patrick T. Harker, 56, currently president of the University of Delaware and a member of the Philadelphia Fed's board of directors, has been named the Bank's 11th president and CEO, effective July 1, 2015. Harker, who has served as a nonbanking Class B director of the Philadelphia Fed for the past three years, will succeed Charles I. Plosser, who retired effective March 1, 2015. Read the press release.

  • The Federal Reserve Bank of PhiladelphiaThe Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank holding companies, and provides financial services to depository institutions and the federal government. One of the 12 regional Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System, the Philadelphia Federal Reserve Bank serves eastern Pennsylvania, southern New Jersey, and Delaware. Learn more about us.

The EconomyLast update: May 21, 2015, 10:45 a.m. ET

Business Outlook
Coincident Indexes
Leading Indexes
ADS Business
State Coincident Indexes
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State Coincident Indexes

Combine four state-level indicators to summarize current economic conditions in a single statistic.

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State Leading Indexes
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State Leading Indexes

Predict the six-month growth rate of the state's coincident index.

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Aruoba-Diebold-Scotti Business Conditions Index: Plot Since Last Peak
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Aruoba-Diebold-Scotti Business Conditions Index

Designed to track real macroeconomic activity at high frequency. Last updated on May 21, 2015.

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