 Kansas City Fed Manufacturing Activity Declined Moderately in April 2023 Posted: April 27, 2023 at 11:00 AM (Thursday)Tenth District manufacturing activity declined moderately in April, while expectations for future activity remained positive. Price indexes increased versus last month but decreased from the previous year and are not expected to change significantly over the next ... |
 Richmond Fed's Current Activity Fell to -10 in April 2023 Posted: April 25, 2023 at 10:00 AM (Tuesday)Fifth District manufacturing firms reported deterioration in business conditions in April, according to the most recent survey from the Federal Reserve Bank of Richmond. The composite manufacturing index fell from −5 in March to −10 in April. Two of its three component indexes — shipments and new orders — declined. The shipments index dropped ... |
 Philadelphia Fed NonManufacturing Survey suggest activity continues to weaken in April 2023 Posted: April 25, 2023 at 08:30 AM (Tuesday)Responses to the April Nonmanufacturing Business Outlook Survey suggest continued weakening in nonmanufacturing activity in the region. The indexes for general activity at the firm level, sales/revenues, and new orders all declined. Both price indexes remain somewhat elevated, and the respondents continue to anticipate growth over the next ... |
 Texas Fed Manufacturing Activity was flat in April 2023 Posted: April 24, 2023 at 10:30 AM (Monday)Texas factory activity was flat in April after growing modestly in March, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, inched down from 2.5 to 0.9, with the near-zero reading suggestive of no change in output from ... |
 Chicago Fed National Activity Index Suggests to steady economic growth in March 2023 Posted: April 24, 2023 at 08:30 AM (Monday)The Chicago Fed National Activity Index (CFNAI) was unchanged at –0.19 in March. Three of the four broad categories of indicators used to construct the index made negative contributions in March, and two categories deteriorated from February. The index’s three-month moving average, CFNAI-MA3, increased to +0.01 in March from –0.09 ... |
 Philadelphia Fed Mfg Outlook Activity continued to decline in April 2023 Posted: April 20, 2023 at 08:30 AM (Thursday)Manufacturing activity in the region continued to decline overall in April, according to the firms responding to this month's Manufacturing Business Outlook Survey. The survey's broad indicators for activity remained negative, although the indexes for new orders and shipments rose. The employment index suggests steady employment overall. ... |
 Beige Book: Economic Activity was little changed Posted: April 19, 2023 at 02:00 PM (Wednesday)Overall economic activity was little changed in recent weeks. Nine Districts reported either no change or only a slight change in activity this period while three indicated modest growth. Expectations for future growth were mostly unchanged as well; however, two Districts saw outlooks deteriorate. Consumer spending was generally seen as flat ... |
 Empire State Manufacturing Survey Conditions increased in April 2023 Posted: April 17, 2023 at 08:30 AM (Monday)Business activity increased in New York State for the first time in five months, according to firms responding to the April 2023 Empire State Manufacturing Survey. The headline general business conditions index shot up thirty-five points to 10.8. New orders and shipments surged. Delivery times held steady, and inventories moved higher. Despite ... |
 Richmond Fed's Current Activity Improved Modestly to -5 in March 2023 Posted: March 28, 2023 at 10:00 AM (Tuesday)Fifth District manufacturing firms reported modest improvements in business conditions in March, according to the most recent survey from the Federal Reserve Bank of Richmond. The composite manufacturing index rose from -16 in February to -5 in March. Of its three component indexes, shipments saw the largest change, rising notably from -15 ... |
 Texas Fed Manufacturing Activity expanded slightly in March 2023 Posted: March 27, 2023 at 10:30 AM (Monday)Modest growth resumes in Texas manufacturing, but outlooks continue to worsen. Texas factory activity expanded slightly in March after contracting in February, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, moved up from -2.8 to 2.5, ... |
 Kansas City Fed Manufacturing Activity was Mostly Flat in March 2023 Posted: March 23, 2023 at 11:00 AM (Thursday)Tenth District manufacturing activity remained essentially flat for the third month in a row, and expectations for future activity increased slightly. Monthly price indexes were mixed with an increase in materials prices but a slight decrease in finished goods prices. Expectations for future raw materials and finished goods prices remained ... |
 Chicago Fed National Activity Index Suggests Economic Growth Declined in February 2023 Posted: March 23, 2023 at 08:30 AM (Thursday)Led by declines in production-related indicators, the Chicago Fed National Activity Index (CFNAI) fell to –0.19 in February from +0.23 in January. All four broad categories of indicators used to construct the index made negative contributions in February, and three categories deteriorated from January. The index’s three-month moving ... |
 FOMC target funds rate raised to 4.75% - 5.00% Posted: March 22, 2023 at 02:00 PM (Wednesday)Recent indicators point to modest growth in spending and production. Job gains have picked up in recent months and are running at a robust pace; the unemployment rate has remained low. Inflation remains elevated.
The U.S. banking system is sound and resilient. Recent developments are likely to result in tighter credit conditions for households and businesses and to weigh on economic activity, hiring, and inflation. The extent of these effects is uncertain. The Committee remains ... |
 Philadelphia Fed NonManufacturing Survey suggest activity weakened in March 2023 Posted: March 21, 2023 at 08:30 AM (Tuesday)Nonmanufacturing activity in the region weakened this month, according to the firms responding to the March Nonmanufacturing Business Outlook Survey. The index for general activity fell to a near-zero reading, and the index for new orders at the firm level turned negative. The sales/revenues index also decreased but remained positive, and ... |
 Philadelphia Fed Mfg Outlook Activity continued to decline in March 2023 Posted: March 16, 2023 at 08:30 AM (Thursday)Manufacturing activity in the region continued to decline overall, according to the firms responding to March's Manufacturing Business Outlook Survey. The survey's broad indicators for current activity were all negative. On balance, the firms also reported a decline in employment. Most future indicators weakened, suggesting that the firms ... |
 Empire State Manufacturing Survey Conditions continued to decline in March 2023 Posted: March 15, 2023 at 08:30 AM (Wednesday)Business activity continued to decline in New York State, according to firms responding to the March 2023 Empire State Manufacturing Survey. The headline general business conditions index fell nineteen points to -24.6. New orders dropped significantly, and shipments declined modestly. Delivery times shortened for a second consecutive ... |
 Beige Book: Economic Activity increased slightly Posted: March 8, 2023 at 02:00 PM (Wednesday)Overall Economic Activity
Overall economic activity increased slightly in early 2023. Six Districts reported little or no change in economic activity since the last report, while six indicated economic activity expanded at a modest pace. On balance, supply chain disruptions continued to ease. Consumer spending generally held steady, though a ... |
 Richmond Fed's Current Activity deteriorated to -16 in February 2023 Posted: February 28, 2023 at 10:00 AM (Tuesday)Fifth District manufacturing firms reported deterioration in business conditions in February, according to the most recent survey from the Federal Reserve Bank of Richmond. The composite manufacturing index decreased from −11 in January to -16 in February. Of its three component indexes, shipments saw the largest change, declining notably from ... |
 Texas Fed Manufacturing Activity declined in February 2023 Posted: February 27, 2023 at 10:30 AM (Monday)Texas factory activity declined in February for the first time since May 2020, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, edged down from 0.2 to -2.8, a reading suggestive of a modest contraction ... |
 Kansas City Fed Manufacturing Activity was Mostly Flat in February 2023 Posted: February 23, 2023 at 11:00 AM (Thursday)Tenth District manufacturing activity was flat, and expectations for future activity were modest. Monthly and annual survey price indexes continued to increase slightly, and expectations for future raw material and finished goods prices also rose.
The month-over-month composite index was 0 in February, up slightly from -1 in January and -4 in December. The composite index is an average of the production, new orders, employment, supplier delivery time, and raw materials inventory indexes. The pace of factory was ... |
 Chicago Fed National Activity Index Suggests economic growth picked up in January 2023 Posted: February 23, 2023 at 08:30 AM (Thursday)Led by improvements in production-related indicators, the Chicago Fed National Activity Index (CFNAI) rose to +0.23 in January from –0.46 in December. Three of the four broad categories of indicators used to construct the index made positive contributions in January, and three categories improved from December. The index’s three-month ... |
 Philadelphia Fed NonManufacturing Survey suggest continued expansion in February 2023 Posted: February 21, 2023 at 08:30 AM (Tuesday)Nonmanufacturing business activity continued to expand overall this month, according to the firms responding to the February Nonmanufacturing Business Outlook Survey. The index for general activity at the firm level increased, and the indexes for new orders and sales/revenues remained positive but declined. The indexes for full- and ... |
 Philadelphia Fed Mfg Outlook Activity declined further in February 2023 Posted: February 16, 2023 at 08:30 AM (Thursday)Manufacturing activity in the region continued to decline, according to the firms responding to the February Manufacturing Business Outlook Survey. The general activity index declined further, the new orders index remained negative, and the shipments index remained positive but low. The employment index declined but remained positive, and ... |
 Empire State Manufacturing Survey Conditions continued to decline in February 2023 Posted: February 15, 2023 at 08:30 AM (Wednesday)Business activity continued to decline in New York State, according to firms responding to the February 2023 Empire State Manufacturing Survey. The headline general business conditions index climbed twenty-seven points but remained negative at -5.8. New orders declined modestly, while shipments held steady. Delivery times shortened, ... |
 Philadelphia Fed Survey of Forecasters see Higher Growth and Stronger Labor Market in 2023 Posted: February 10, 2023 at 10:00 AM (Friday)The outlook for the U.S. economy in 2023 looks somewhat better now than it did three months ago, according to 37 forecasters surveyed by the Federal Reserve Bank of Philadelphia. The forecasters predict the economy will expand at an annual rate of 0.6 percent this quarter and 1.0 percent in the second quarter of 2023, up from the ... |
 FOMC target funds rate raised to 4.50% - 4.75% Posted: February 1, 2023 at 02:00 PM (Wednesday)Recent indicators point to modest growth in spending and production. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation has eased somewhat but remains elevated.
Russia's war against Ukraine is causing tremendous human and economic hardship and is contributing to elevated global uncertainty. The Committee is highly attentive to inflation risks. ... |
 Texas Fed Manufacturing Activity continued to increase but at a slower pace in January 2023 Posted: January 30, 2023 at 10:00 AM (Monday)Texas factory activity continued to increase but at a slower pace in January, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, came in at 16.6, an eight-month low but a reading still indicative of above-average ... |
 Kansas City Fed Manufacturing Activity was mostly flat in January 2023 Posted: January 26, 2023 at 11:00 AM (Thursday)Tenth District manufacturing activity was mostly flat, and expectations for future activity moderated slightly. Monthly survey price indexes saw minimal growth in January. Price indexes remained above year-ago levels for most firms, and many firms expected some slowing in price gains over the next ... |
 Chicago Fed National Activity Index Suggests little change in economic growth in December 2022 Posted: January 26, 2023 at 08:30 AM (Thursday)The Chicago Fed National Activity Index (CFNAI) edged up to –0.49 in December from –0.51 in November. Three of the four broad categories of indicators used to construct the index made negative contributions in December, but two categories improved from November. The index’s three-month moving average, CFNAI-MA3, decreased to –0.33 in December ... |
 Richmond Fed's Current Activity fell noticeably to -11 in January 2023 Posted: January 24, 2023 at 10:00 AM (Tuesday)Fifth District manufacturing firms reported some deterioration in business conditions in January, according to the most recent survey from the Federal Reserve Bank of Richmond. The composite manufacturing index fell noticeably into negative territory, decreasing from 1 in December to −11 in January. Each of its three component indexes: ... |
 Philadelphia Fed NonManufacturing Survey suggest activity expanded in January 2023 Posted: January 24, 2023 at 08:30 AM (Tuesday)Nonmanufacturing activity in the region expanded this month, according to the firms responding to the January Nonmanufacturing Business Outlook Survey. The indexes for general activity at the firm level, sales/revenues, new orders, and full-time employment all rose this month. The firms continued to report overall increases in both prices paid ... |
 Philadelphia Fed Mfg Outlook Activity continued to decline in January 2023 Posted: January 19, 2023 at 08:30 AM (Thursday)Manufacturing activity in the region continued to decline overall, according to the firms responding to the January Manufacturing Business Outlook Survey. The survey's indicators for general activity, new orders, and shipments rose from last month, but the former two remained negative. The employment index rebounded. The firms reported ... |
 Beige Book: Economic Activity was relatively unchanged Posted: January 18, 2023 at 02:00 PM (Wednesday)Overall economic activity was relatively unchanged since the previous report. Five Districts reported slight or modest increases in overall activity, six noted no change or slight declines, and one cited a significant decline. On balance, contacts generally expected little growth in the months ahead. Consumer spending increased slightly, with ... |
 Empire State Manufacturing Survey Conditions contracted sharply in January 2023 Posted: January 17, 2023 at 08:30 AM (Tuesday)Business activity contracted sharply in New York State, according to firms responding to the January 2023 Empire State Manufacturing Survey. The headline general business conditions index fell twenty-two points to -32.9. New orders and shipments declined substantially. Delivery times held steady, and inventories edged higher. Employment ... |
 Richmond Fed's Current Activity climbed to 1 in December 2022 Posted: December 28, 2022 at 10:00 AM (Wednesday)Some Fifth District manufacturing firms reported modest improvements in December, according to the most recent survey from the Federal Reserve Bank of Richmond. The composite manufacturing index climbed into positive territory, increasing from −9 in November to 1 in December. Each of its three component indexes — shipments, new orders ... |
 Texas Fed Manufacturing Activity growth resumed in December 2022 Posted: December 27, 2022 at 10:00 AM (Tuesday)Growth in Texas factory activity resumed in December, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, rose nine points to 9.7, suggestive of a pickup in ... |
 Kansas City Fed Manufacturing Activity Declined at a Slightly Faster Pace in December 2022 Posted: December 22, 2022 at 11:00 AM (Thursday)Tenth District manufacturing activity declined at a slightly faster pace than last month, while expectations for future activity were mostly flat or slightly positive. The monthly index of raw materials prices continued to slow in December, but materials prices were still higher than a year ago at most firms and expected to rise moderately in ... |
 Philadelphia Fed NonManufacturing Survey suggest activity remained weak in December 2022 Posted: December 20, 2022 at 08:30 AM (Tuesday)Nonmanufacturing activity in the region remained weak this month, according to the firms responding to the December Nonmanufacturing Business Outlook Survey. The index for general activity at the firm level turned positive but remained low. The new orders and sales/revenues indexes were negative, and the full-time employment index declined to ... |
 Empire State Manufacturing Survey Conditions declined in December 2022 Posted: December 15, 2022 at 08:30 AM (Thursday)Business activity declined in New York State, according to firms responding to the December 2022 Empire State Manufacturing Survey. The headline general business conditions index fell sixteen points to -11.2. New orders moved slightly lower, while shipments edged higher. Delivery times and inventories were little changed. Labor market ... |
 Philadelphia Fed Mfg Outlook Activity continued to decline in December 2022 Posted: December 15, 2022 at 08:30 AM (Thursday)Manufacturing activity in the region continued to decline overall in December, according to the firms responding to this month's Manufacturing Business Outlook Survey. The survey's broad indicators for current activity were all negative. The firms on balance also reported a decline in employment. The future indicators improved, suggesting that ... |
 FOMC target funds rate raised to 4.25% - 4.50% Posted: December 14, 2022 at 02:00 PM (Wednesday)Recent indicators point to modest growth in spending and production. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher food and energy prices, and broader ... |
 Beige Book: Economic Activity was about flat or up slightly Posted: November 30, 2022 at 02:00 PM (Wednesday)Economic activity was about flat or up slightly since the previous report, down from the modest average pace of growth in the prior Beige Book period. Five Districts reported slight or modest gains in activity, and the rest experienced either no change or slight-to-modest declines. Interest rates and inflation continued to weigh on activity, ... |
 Texas Fed Manufacturing Activity growth abated in November 2022 Posted: November 28, 2022 at 10:30 AM (Monday)Growth in Texas factory activity abated in November, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, fell five points to near zero, suggesting little change in output ... |
 Richmond Fed's Current Activity edged up to -9 in November 2022 Posted: November 22, 2022 at 10:00 AM (Tuesday)Some Fifth District manufacturing firms reported softening conditions in November, according to the most recent survey from the Federal Reserve Bank of Richmond. The composite manufacturing index remained negative but edged up from −10 in October to −9 in November. Of its three component indexes, the indexes for shipments and ... |
 Philadelphia Fed NonManufacturing Survey suggest weakened nonmanufacturing activity in November 2022 Posted: November 22, 2022 at 08:30 AM (Tuesday)Responses to the November Nonmanufacturing Business Outlook Survey suggest weakened nonmanufacturing activity in the region. The index for general activity at the firm level fell into negative territory, and the index for new orders remained negative. The index for sales/revenues declined sharply but remained positive. The full-time ... |
 Chicago Fed National Activity Index Suggests slower economic growth in October 2022 Posted: November 21, 2022 at 08:30 AM (Monday)The Chicago Fed National Activity Index (CFNAI) decreased to –0.05 in October from +0.17 in September. Three of the four broad categories of indicators used to construct the index made negative contributions in October, and three categories deteriorated from September. The index’s three-month moving average, CFNAI-MA3, moved down to +0.09 ... |
 Kansas City Fed Manufacturing Activity declined again in November 2022 Posted: November 17, 2022 at 11:00 AM (Thursday)Tenth District manufacturing activity declined at a similar pace compared to last month, while expectations for future activity were mostly flat or slightly positive. The monthly index of raw materials prices continued to slow in November and decreased compared to a year ago. Finished goods price indexes increased slightly from a month ago ... |
 Philadelphia Fed Mfg Outlook Activity continued to decline in November 2022 Posted: November 17, 2022 at 08:30 AM (Thursday)Manufacturing activity in the region continued to decline, according to the firms responding to the November Manufacturing Business Outlook Survey. The general activity index declined further, the new orders index remained negative, and the shipments index remained positive but low. The employment index declined but continued to suggest ... |
 Empire State Manufacturing Survey Conditions edged slightly higher in November 2022 Posted: November 15, 2022 at 08:30 AM (Tuesday)Business activity edged slightly higher in New York State, according to firms responding to the November 2022 Empire State Manufacturing Survey. The headline general business conditions index climbed fourteen points to 4.5. New orders decreased slightly, while shipments expanded modestly. Delivery times were little changed, and inventories ... |
 Philadelphia Fed Survey of Forecasters Predict Lower Growth and Higher Unemployment Rate Posted: November 14, 2022 at 10:00 AM (Monday)The outlook for the U.S. economy looks weaker now than it did three months ago, according to 38 forecasters surveyed by the Federal Reserve Bank of Philadelphia. The forecasters predict the economy will expand at an annual rate of 1.0 percent this quarter, down from the prediction of 1.2 percent in the last survey. Over the next three ... |