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Philly Fed Manufacturing Index increased to 26.2

Thursday, Dec 21 2017
Philly Fed Manufacturing Index increased to 26.2

The diffusion index for current general activity increased from a reading of 22.7 in November to 26.2 this month. Nearly 41 percent of the firms indicated increases in activity this month, up from 35 percent in November. Both the current new orders and shipments indexes also improved this month, increasing 8 points and 2 points, respectively. Although they moderated slightly, both the delivery times and unfilled orders indexes remained positive, suggesting longer delivery times and increases in unfilled orders. Inventories were, on balance, nearly steady this month: The percentage of firms reporting lower inventories (19 percent) was slightly higher than the percentage reporting higher inventories (17 percent).

The firms continued to report increases in employment. The current employment index fell 5 points but remained in positive territory, where it has been for 13 consecutive months. More than 29 percent of the responding firms reported increases in employment, while 11 percent of the firms reported decreases this month. The average workweek index declined 3 points after being in positive territory for 14 consecutive months.

More in this category: « US GDP grew by 3.2% in Q3 Unemployment Claims up to 245,000 »

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