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Survey's Release Time To Change in 2008

For release: 10 a.m., Monday, September 17, 2007
Contact: Katherine Q. Dibling, assistant media advisor, (215) 574-4119.

Philadelphia, Pa. - The Federal Reserve Bank of Philadelphia today announced that the Business Outlook Survey will be released at 10 a.m. beginning Thursday, January 17, 2008. The release time has been noon on the third Thursday of the month since June 2001.

The Bank is moving up the release time to make the timing more consistent with that of other economic releases.

This survey, which was started in 1968, gathers information on the manufacturing industry in the Third Federal Reserve District covering eastern Pennsylvania, southern New Jersey, and Delaware. Participation in the survey is limited to manufacturing firms with plants in the area with more than 100 employees. The survey asks about the current pace of business in the participants' plants and their future expectations of business.

The next Business Outlook Survey will be released at noon on September 20, 2007, and will be made available on our website, and over PR Newswire. The aggregate historical data series is also available on the Bank's website.

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