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Friday, October 31, 2014

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News & Advisories

Business Conditions Index Updated

October 31, 2014 — The Federal Reserve Bank of Philadelphia’s Real-Time Data Research Center has updated the ADS business conditions index with information on real personal income less transfer payments for September 2014 and real manufacturing and trade sales for August 2014.

GDPplus Updated

October 30, 2014 — The Federal Reserve Bank of Philadelphia’s Real-Time Data Research Center has updated GDPplus for the U.S. Bureau of Economic Analysis's release today of quarterly data from the national income and product accounts.

Business Conditions Index Updated

October 30, 2014 — The Federal Reserve Bank of Philadelphia’s Real-Time Data Research Center has updated the ADS business conditions index with information on initial jobless claims for the week ending 10/25/2014 and real GDP for the third quarter of 2014 (advance release).

Philadelphia Fed Engages Korn Ferry to Conduct Presidential Search

October 30, 2014 — The Federal Reserve Bank of Philadelphia announced that it has retained the services of executive search firm Korn Ferry to conduct the search for its new president and CEO. President Charles I. Plosser, 66, who has served as the Bank's president since August 2006, will retire effective March 1, 2015. The Bank will conduct a broad search and consider a diverse group of candidates from inside and outside the Federal Reserve System.

Leading Indexes Suggest Expansion in 46 States into the First Quarter

October 29, 2014 — The Bank has released September's leading indexes, which are a six-month forecast of the state coincident indexes. The coincident indexes measure current economic activity in each of the 50 states. This month's leading indexes suggest economic expansion in 46 states into the first quarter of 2015. Read the report. PDF

Bank Announces Appointments to Community Depository Institutions Advisory Council

October 28, 2014 — The Bank has announced new appointments to its Community Depository Institutions Advisory Council. The council, composed of representatives from commercial banks, thrift institutions, and credit unions, shares insights on economic and business trends facing community depository institutions in their local markets. Read the release.

September's Coincident Indexes Show Increased Economic Activity in 43 States

October 23, 2014 — The Bank has released the coincident indexes, which measure current economic activity in each of the 50 states. In September, the indexes increased in 43 states, decreased in four, and remained stable in three. Read the report. PDF

South Jersey Business Survey Released

October 23, 2014 — The South Jersey Business Survey for the third quarter of 2014 has been released. The survey is based on responses from members of the Chamber of Commerce of Southern New Jersey.

Business Conditions Index Updated

October 23, 2014 — The Federal Reserve Bank of Philadelphia’s Real-Time Data Research Center has updated the ADS business conditions index with information on initial jobless claims for the week ending 10/18/2014.

Regional Activity in Nonmanufacturing Industries Expands

October 21, 2014 — The region's nonmanufacturing sectors continued to grow in October, according to firms responding to this month's Nonmanufacturing Business Outlook Survey. The diffusion index for current activity at the firm level increased for the second consecutive month, from 35.7 in September to 44.1 in October. Read the report.

Manufacturers Indicate Continued Growth in October

October 16, 2014 — Manufacturing activity continued to grow in October, according to firms responding to the latest Manufacturing Business Outlook Survey. Most broad indicators of current growth, while positive, weakened from higher readings last month. The diffusion index for current activity edged down from a reading of 22.5 in September to 20.7 this month. Read the report. Listen to the audio conference.

Media Contacts

Marilyn Wimp, ABC E-mail
Manager of Media Relations
(215) 574-4197
(267) 254-4555 (cell)

Daneil Mazone E-mail
Media Relations Representative
(215) 574-7163
(267) 535-1808 (cell)

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