Updated: 08-Feb-22 19:13 ET

April Philadelphia Fed Index

Updated: 08-Feb-22 19:13 ET

Highlights

• The Philadelphia Fed Index dipped to 8.5 in April (Briefing.com consensus 11.0) from 13.7 in March. The New Orders Index, however, surged to 15.7 from 1.9.

Key Factors

• The Shipments Index slipped to 18.4 from 20.0.
• The Delivery Times Index dropped to -5.1 from 8.8.
• The Inventories Index decreased to 2.6 from 17.2.
• The Prices Received Index fell to 20.0 from 24.7, which is the lowest reading since December 2017.

Big Picture

• The key takeaway from the report was found in the diffusion index for future general activity, which fell to its lowest level (to 19.1 from 21.8) since February 2016, suggesting there is some fading optimism in future business activity.

Category	APR	MAR	FEB	JAN	DEC
Total Index	8.5	13.7	-4.1	17.0	9.4
6-month Outlook	19.1	21.8	31.3	31.2	31.7