Philly Fed New Orders in the United States increased to 30.80 points in October from 15.90 points in September of 2021. Philly Fed New Orders in the United States averaged 10.03 points from 1968 until 2021, reaching an all time high of 56.20 points in March of 1973 and a record low of -70.90 points in April of 2020. Philadelphia Fed Manufacturing Index is based on The Business Outlook Survey of manufacturers in the Third Federal Reserve District. Participants report the direction of change in overall business activity and in the various measures of activity at their plants: employment, working hours, new and unfilled orders, shipments, inventories, delivery times, prices paid, and prices received. The index above 0 indicates factory-sector growth, below 0 contraction.
source: tradingeconomics.com
