HI-TRANSFER

Today's release of the Federal Reserve Bank of Philadelphia Business Outlook Survey (BOS) for March indicated a improvement in the regions manufacturing activity with the current activity index climbing to a level of 12.5 while the future activity index declined slightly to a level of 32.9.

The following chart shows the current and future activity indexes both with their corresponding 3-month moving averages. The red line marks the threshold between contraction and expansion for these diffusion indexes.

The latest release of the Federal Reserve Bank of Philadelphia Business Outlook Survey (BOS) for December indicated a notable improvement in the regions manufacturing activity with the current activity index climbing to a level of 10.3 while the future activity index improved to a level of 44.1.

The following chart shows the current and future activity indexes both with their corresponding 3-month moving averages. The red line marks the threshold between contraction and expansion for these diffusion indexes.

The latest release of the Federal Reserve Bank of Philadelphia Business Outlook Survey (BOS) for November indicated a weakening in the regions manufacturing activity with the current activity index falling to a level of 3.6 while the future activity index improved to a level of 41.9.

While about half the component measures turned down in November, more data is needed in order to get a more complete sense of how the economy is trending.

The following chart shows the current and future activity indexes both with their corresponding 3-month moving averages. The red line marks the threshold between contraction and expansion for these diffusion indexes.

The latest release of the Federal Reserve Bank of Philadelphia Business Outlook Survey (BOS) for October indicated a notable improvement in the regions manufacturing activity with the current activity index jumping to a level of 8.7 while the future activity index also improved to a level of 27.2.

While most component measures turned around in October, it's important to note that most measures still signal notable weakness for manufacturing activity... clearly, more data is needed in order to get a more complete sense of how the economy is trending.

The following chart shows the current and future activity indexes both with their corresponding 3-month moving averages. The red line marks the threshold between contraction and expansion for these diffusion indexes.