Federal Reserve Bank of Philadelphia — manufacturing outlook · INFORMATION NODE

US regional business confidence — Philly Fed six-month outlook

33.0

diffusion index points, seasonally adjusted

Reference period: 2026-10
Date meaning: first day of reference month; not a publication date
Retrieved at (UTC): 2026-10-17T18:30:52.669Z
Health: ok

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Source: Federal Reserve Bank of Philadelphia — manufacturing outlook.

Federal Reserve Bank of Philadelphia, Manufacturing Business Outlook Survey (MBOS), seasonally adjusted diffusion indexes. Angeloi is independent of, and not endorsed by, the Bank.

Monthly manufacturing survey in the Third Federal Reserve District: Delaware, southern New Jersey, and eastern and central Pennsylvania. GAF measures expected general activity six months ahead; GAC measures current general activity. These are regional business-confidence/activity indicators, not a national all-industry confidence index. Diffusion index equals percentage reporting an increase minus percentage reporting a decrease; negative and zero values are valid. Reference month is represented by its first day, not a release timestamp. Latest available period only; no historical import. Checked every six hours, health every 15 minutes. Methodology: https://www.philadelphiafed.org/surveys-and-data/regional-economic-analysis/manufacturing-business-outlook-survey . Informational use; source terms: https://www.philadelphiafed.org/about-us/privacy-notice .

About the Oracle

What this measure means

Six-month general-activity expectations diffusion index

Coverage: United States: Philadelphia Fed Third District
Kind of measure: survey balance
Adjustment: seasonally adjusted
Index base: Not applicable

Regional manufacturing survey, not nationwide all-industry confidence. A diffusion balance is not GDP growth.
Related links indicate context, not causation, equivalent units or synchronized periods.