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News & Advisories

Business Conditions Index Updated

July 20, 2017 — 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 7/15/2017.

Manufacturing Activity Grew at a Slower Pace in July

July 20, 2017 — Manufacturing activity continued to grow in July but at a slower pace, according to this month’s Manufacturing Business Outlook Survey. The index for current manufacturing activity in the region decreased from a reading of 27.6 in June to 19.5 this month. The survey’s six-month indicators remained positive, with firms expecting growth to continue. Read the report.

Business Conditions Index Updated

July 14, 2017 — The Federal Reserve Bank of Philadelphia’s Real-Time Data Research Center has updated the ADS business conditions index with information on industrial production for June 2017.

Second Quarter 2017 South Jersey Business Survey Released

July 13, 2017 — The South Jersey Business Survey for the second quarter of 2017 has been released. The survey is based on responses from members of the Chamber of Commerce Southern New Jersey. Read the report

Beige Book Released Today

July 12, 2017 — Overall, economic activity in the Third District appeared to slow to a slight pace of growth, as consumer spending declined sharply for apparel, and demand softened for autos, new home construction, and nonresidential construction. Most other sectors continued to grow at a modest pace. On balance, employment and wages continued to grow modestly, and prices grew only slightly. Read the national summary.   Read the Philadelphia summary

Apprenticeships Can Address Skills Gap, Says President Harker

July 11, 2017 — Apprenticeships date back to ancient times, but they remain relevant in today’s economy, Philadelphia Fed President Patrick Harker told the audience at the Bank’s Apprenticeship Conference on July 11. Apprenticeships help workers acquire the skills now in demand, he said. Read the speech.