Next release Thursday, 19 November 2026, 08:30 New York. Every release since 21 Jan 2016: 130 on record, actual against forecast. Medium impact for the USD. Updated within the hour of each release.
The last US Philadelphia Fed Manufacturing Index (Oct. 2026, released 15 Oct 2026) came in at 20.9, below the 28.4 forecast; the previous reading was 37.8. The next US Philadelphia Fed Manufacturing Index is due Thursday, 19 November 2026 at 08:30 New York time (Nov. 2026).
Since 2016, US Philadelphia Fed Manufacturing Index has come in above forecast 53% of the time and below 47% (130 releases with a forecast); over the last 12 it beat 75%.
The average miss against forecast over the last 24 releases was 12.26: higher than expected is good for the USD.
| Released | Period | Actual | Forecast | Previous | Vs forecast |
|---|---|---|---|---|---|
| 15 Oct 2026 08:30 | Oct. 2026 | 20.9 | 28.4 | 37.8 | below |
| 17 Sept 2026 08:30 | Sep. 2026 | 37.8 | 30.5 | 47.4 | above |
| 20 Aug 2026 08:30 | Aug. 2026 | 47.4 | 25 | 41.4 | above |
| 16 Jul 2026 08:30 | Jul. 2026 | 41.4 | 13 | 10.3 | above |
| 18 Jun 2026 08:30 | Jun. 2026 | 10.3 | 10 | -0.4 | above |
| 21 May 2026 08:30 | May. 2026 | -0.4 | 18 | 26.7 | below |
| 16 Apr 2026 08:30 | Apr. 2026 | 26.7 | 10 | 18.1 | above |
| 19 Mar 2026 08:30 | Mar. 2026 | 18.1 | 10 | 16.3 | above |
| 19 Feb 2026 08:30 | Feb. 2026 | 16.3 | 8.5 | 12.6 | above |
| 15 Jan 2026 08:30 | Jan. 2026 | 12.6 | -1 | -8.8 | above |
| 18 Dec 2025 08:30 | Dec. 2025 | -8.8 | 3 | 0.6 | below |
| 20 Nov 2025 08:30 | Nov. 2025 | 0.6 | -3.1 | -10.1 | above |
| 16 Oct 2025 08:30 | Oct. 2025 | -10.1 | 8.5 | 19.5 | below |
| 18 Sept 2025 08:30 | Sep. 2025 | 19.5 | 2.5 | 0.7 | above |
| 21 Aug 2025 08:30 | Aug. 2025 | 0.7 | 7 | 11.4 | below |
| 17 Jul 2025 08:30 | Jul. 2025 | 11.4 | -1 | -1.4 | above |
| 20 Jun 2025 08:30 | Jun. 2025 | -1.4 | -1 | -0.7 | below |
| 15 May 2025 08:30 | May. 2025 | -0.7 | -11 | -12.9 | above |
| 17 Apr 2025 08:30 | Apr. 2025 | -12.9 | 2 | 10.2 | below |
| 20 Mar 2025 08:30 | Mar. 2025 | 10.2 | 8.5 | 13.4 | above |
| 20 Feb 2025 08:30 | Feb. 2025 | 13.4 | 20 | 32.9 | below |
| 16 Jan 2025 08:30 | Jan. 2025 | 32.9 | -5 | -9.6 | above |
| 19 Dec 2024 08:30 | Dec. 2024 | -9.6 | 3 | -1.5 | below |
| 21 Nov 2024 08:30 | Nov. 2024 | -1.5 | 8 | 7.6 | below |
| 17 Oct 2024 08:30 | Oct. 2024 | 7.6 | 3 | -1.6 | above |
| 19 Sept 2024 08:30 | Sep. 2024 | -1.6 | -1 | -3 | below |
| 15 Aug 2024 08:30 | Aug. 2024 | -3 | 6 | 9.9 | below |
| 18 Jul 2024 08:30 | Jul. 2024 | 9.9 | 2.9 | 2.9 | above |
| 20 Jun 2024 08:30 | Jun. 2024 | 2.9 | 5 | 7.5 | below |
| 16 May 2024 08:30 | May. 2024 | 7.5 | 8 | 17.6 | below |
| 18 Apr 2024 08:30 | Apr. 2024 | 17.6 | 2.3 | 1.8 | above |
| 21 Mar 2024 08:30 | Mar. 2024 | 1.8 | -2.3 | -1 | above |
| 15 Feb 2024 08:30 | Feb. 2024 | -1 | -8 | -14.7 | above |
| 18 Jan 2024 08:30 | Jan. 2024 | -14.7 | -7 | -7.2 | below |
| 21 Dec 2023 08:30 | Dec. 2023 | -7.2 | -3 | -3.9 | below |
| 16 Nov 2023 08:30 | Nov. 2023 | -3.9 | -9 | -14.6 | above |
| 19 Oct 2023 08:30 | Oct. 2023 | -14.6 | -6.6 | -15.2 | below |
| 21 Sept 2023 08:30 | Sep. 2023 | -15.2 | -0.7 | 10.5 | below |
| 17 Aug 2023 08:30 | Aug. 2023 | 10.5 | -10 | -16.1 | above |
| 20 Jul 2023 08:30 | Jul. 2023 | -16.1 | -10 | -12.1 | below |
| 15 Jun 2023 08:30 | Jun. 2023 | -12.1 | -14 | -8.1 | above |
| 18 May 2023 08:30 | May. 2023 | -8.1 | -19.8 | -25.5 | above |
| 20 Apr 2023 08:30 | Apr. 2023 | -25.5 | -19.2 | -25 | below |
| 16 Mar 2023 08:30 | Mar. 2023 | -25 | -15.6 | -22.2 | below |
| 16 Feb 2023 08:30 | Feb. 2023 | -22.2 | -7.4 | -12.4 | below |
| 19 Jan 2023 08:30 | Jan. 2023 | -12.4 | -11 | -11.4 | below |
| 15 Dec 2022 08:30 | Dec. 2022 | -11.4 | -10 | -13.4 | below |
| 17 Nov 2022 08:30 | Nov. 2022 | -13.4 | -6.2 | -11.5 | below |
| 20 Oct 2022 08:30 | Oct. 2022 | -11.5 | -5 | -8.3 | below |
| 15 Sept 2022 08:30 | Sep. 2022 | -8.3 | 2.8 | 4.1 | below |
| 18 Aug 2022 08:30 | Aug. 2022 | 4.1 | -5 | -8.1 | above |
| 21 Jul 2022 08:30 | Jul. 2022 | -8.1 | 0 | -1.9 | below |
| 16 Jun 2022 08:30 | Jun. 2022 | -1.9 | 5.5 | 4.7 | below |
| 19 May 2022 08:30 | May. 2022 | 4.7 | 16 | 16.8 | below |
| 21 Apr 2022 08:30 | Apr. 2022 | 16.8 | 21 | 20.8 | below |
| 17 Mar 2022 08:30 | Mar. 2022 | 20.8 | 15 | 15.9 | above |
| 17 Feb 2022 08:30 | Feb. 2022 | 15.9 | 20 | 18.3 | below |
| 20 Jan 2022 08:30 | Jan. 2022 | 18.3 | 20 | 17.1 | below |
| 16 Dec 2021 08:30 | Dec. 2021 | 17.1 | 30 | 44 | below |
| 18 Nov 2021 08:30 | Nov. 2021 | 44 | 24 | 21.5 | above |
| 21 Oct 2021 08:30 | Oct. 2021 | 21.5 | 25 | 32.2 | below |
| 16 Sept 2021 08:30 | Sep. 2021 | 32.2 | 18.8 | 17.5 | above |
| 19 Aug 2021 08:30 | Aug. 2021 | 17.5 | 23 | 26.7 | below |
| 15 Jul 2021 08:30 | Jul. 2021 | 26.7 | 28 | 32 | below |
| 17 Jun 2021 08:30 | Jun. 2021 | 32 | 31 | 33.7 | above |
| 20 May 2021 08:30 | May. 2021 | 33.7 | 43 | 48.8 | below |
| 15 Apr 2021 08:30 | Apr. 2021 | 48.8 | 42 | 37.9 | above |
| 18 Mar 2021 08:30 | Mar. 2021 | 37.9 | 23 | 29.3 | above |
| 18 Feb 2021 08:30 | Feb. 2021 | 29.3 | 20 | 25.5 | above |
| 21 Jan 2021 08:30 | Jan. 2021 | 25.5 | 12 | 12.3 | above |
| 17 Dec 2020 08:30 | Dec. 2020 | 12.3 | 20 | 32.4 | below |
| 19 Nov 2020 08:30 | Nov. 2020 | 32.4 | 22 | 30.5 | above |
| 15 Oct 2020 08:30 | Oct. 2020 | 30.5 | 14 | 16.4 | above |
| 17 Sept 2020 08:30 | Sep. 2020 | 16.4 | 15 | 15.4 | above |
| 20 Aug 2020 08:30 | Aug. 2020 | 15.4 | 21 | 29.5 | below |
| 16 Jul 2020 08:30 | Jul. 2020 | 29.5 | 20 | 28.3 | above |
| 18 Jun 2020 08:30 | Jun. 2020 | 28.3 | -25 | -42.9 | above |
| 21 May 2020 08:30 | May. 2020 | -42.9 | -41.5 | -58.7 | below |
| 16 Apr 2020 08:30 | Apr. 2020 | -58.7 | -30 | -19.4 | below |
| 19 Mar 2020 08:30 | Mar. 2020 | -19.4 | 10 | 36.4 | below |
| 20 Feb 2020 08:30 | Feb. 2020 | 36.4 | 12 | 13 | above |
| 16 Jan 2020 08:30 | Jan. 2020 | 13 | 3.8 | 3.3 | above |
| 19 Dec 2019 08:30 | Dec. 2019 | 3.3 | 8 | 13.9 | below |
| 21 Nov 2019 08:30 | Nov. 2019 | 13.9 | 7 | 5.5 | above |
| 17 Oct 2019 08:30 | Oct. 2019 | 5.5 | 8 | 13.7 | below |
| 19 Sept 2019 08:30 | Sep. 2019 | 13.7 | 11 | 11.2 | above |
| 15 Aug 2019 08:30 | Aug. 2019 | 11.2 | 10 | 21.6 | above |
| 18 Jul 2019 08:30 | Jul. 2019 | 21.6 | 5 | 2.5 | above |
| 20 Jun 2019 08:30 | Jun. 2019 | 2.5 | 11 | 17.8 | below |
| 16 May 2019 08:30 | May. 2019 | 17.8 | 9 | 8.9 | above |
| 18 Apr 2019 08:30 | Apr. 2019 | 8.9 | 10.4 | 9.1 | below |
| 21 Mar 2019 08:30 | Mar. 2019 | 9.1 | 4.5 | 0.8 | above |
| 21 Feb 2019 08:30 | Feb. 2019 | 0.8 | 14 | 11.6 | below |
| 17 Jan 2019 08:30 | Jan. 2019 | 11.6 | 10 | 10.9 | above |
| 20 Dec 2018 08:30 | Dec. 2018 | 10.9 | 15 | 14.8 | below |
| 15 Nov 2018 08:30 | Nov. 2018 | 14.8 | 20 | 20.7 | below |
| 18 Oct 2018 08:30 | Oct. 2018 | 20.7 | 20 | 22.2 | above |
| 20 Sept 2018 08:30 | Sep. 2018 | 22.2 | 17 | 8.7 | above |
| 16 Aug 2018 08:30 | Aug. 2018 | 8.7 | 22 | 24.7 | below |
| 19 Jul 2018 08:30 | Jul. 2018 | 24.7 | 21.5 | 22.2 | above |
| 21 Jun 2018 08:30 | Jun. 2018 | 22.2 | 29 | 32.1 | below |
| 17 May 2018 08:30 | May. 2018 | 32.1 | 21 | 23.2 | above |
| 19 Apr 2018 08:30 | Apr. 2018 | 23.2 | 20.1 | 19.7 | above |
| 15 Mar 2018 08:30 | Mar. 2018 | 19.7 | 23 | 32.3 | below |
| 15 Feb 2018 08:30 | Feb. 2018 | 32.3 | 21.1 | 20.8 | above |
| 18 Jan 2018 08:30 | Jan. 2018 | 20.8 | 25 | 29 | below |
| 21 Dec 2017 08:30 | Dec. 2017 | 29 | 21.5 | 25.8 | above |
| 16 Nov 2017 08:30 | Nov. 2017 | 25.8 | 25 | 27.8 | above |
| 19 Oct 2017 08:30 | Oct. 2017 | 27.8 | 22 | 24.5 | above |
| 21 Sept 2017 08:30 | Sep. 2017 | 24.5 | 17.2 | 19.9 | above |
| 17 Aug 2017 08:30 | Aug. 2017 | 19.9 | 18.5 | 22.6 | above |
| 20 Jul 2017 08:30 | Jul. 2017 | 22.6 | 24 | 28.5 | below |
| 15 Jun 2017 08:30 | Jun. 2017 | 28.5 | 24 | 33.7 | above |
| 18 May 2017 08:30 | May. 2017 | 33.7 | 19.5 | 22 | above |
| 20 Apr 2017 08:30 | Apr. 2017 | 22 | 25 | 29.6 | below |
| 16 Mar 2017 08:30 | Mar. 2017 | 29.6 | 30 | 41.4 | below |
| 16 Feb 2017 08:30 | Feb. 2017 | 41.4 | 18 | 24 | above |
| 19 Jan 2017 08:30 | Jan. 2017 | 24 | 15.8 | 22.4 | above |
| 15 Dec 2016 08:30 | Dec. 2016 | 22.4 | 9 | 10.7 | above |
| 17 Nov 2016 08:30 | Nov. 2016 | 10.7 | 8 | 11 | above |
The next US Philadelphia Fed Manufacturing Index is due Thursday, 19 November 2026 at 08:30 New York time (Nov. 2026).
The last US Philadelphia Fed Manufacturing Index (Oct. 2026, released 15 Oct 2026) came in at 20.9, below the 28.4 forecast; the previous reading was 37.8.
US Philadelphia Fed Manufacturing Index is released monthly by Federal Reserve Bank of Philadelphia. CRTLAB has 130 releases on record since 21 Jan 2016.
Since 2016, US Philadelphia Fed Manufacturing Index has come in above forecast 53% of the time and below 47% (130 releases with a forecast); over the last 12 it beat 75%.
The highest was 48.8 (Apr. 2021) and the lowest -58.7 (Apr. 2020). The five-year average is 3.95.
Usually yes: a reading above forecast is the good surprise for the USD, and the bigger the surprise the bigger the move. On this page, green marks a release that was good for the USD against its forecast, red one that was bad.
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.