DEFINITION of 'Philadelphia Fed Survey'
A business outlook survey used to construct an index that tracks manufacturing conditions in the Philadelphia Federal Reserve district. The Philadelphia Fed survey is an indicator of trends in the manufacturing sector, and is correlated with the Institute for Supply Management (ISM) manufacturing index, as well as the industrial production index.
Also known as the Philly Fed Survey.
INVESTOPEDIA EXPLAINS 'Philadelphia Fed Survey'
The survey gives investors a detailed look at how busy the manufacturing sector is, and can have a significant effect on the markets. Since manufacturing is a major sector of the U.S. economy, an increase in the index can indicate an uptrend in the economy.
Investors use data from the Philadelphia Fed Survey to provide insight on equity markets, the prices of which are affected positively by increased corporate profits. On the other hand, as the economy heats up, inflation will be expected to increase, so bond markets would be negatively affected.

Federal Reserve Bank
The central bank of the United States and the most powerful financial ... 
Federal Reserve Bank Of Philadelphia
The Federal Reserve Bank located in Philadelphia that is responsible ... 
Economic Growth Rate
A measure of economic growth from one period to another in percentage ... 
Index
A statistical measure of change in an economy or a securities ... 
Gross Domestic Product  GDP
The monetary value of all the finished goods and services produced ... 
Economic Growth
An increase in the capacity of an economy to produce goods and ...

What is GDP and why is it so important to investors?
The gross domestic product (GDP) is one the primary indicators used to gauge the health of a country's economy. It represents ... Read Full Answer >> 
What is the variance/covariance matrix or parametric method in Value at Risk (VaR)?
The parametric method, also known as the variancecovariance method, is a risk management technique for calculating the value ... Read Full Answer >> 
What is backtesting in Value at Risk (VaR)?
The value at risk is a statistical risk management technique that monitors and quantifies the risk level associated with ... Read Full Answer >> 
How much variance should an investor have in an indexed fund?
An investor should have as much variance in an indexed fund as he is comfortable with. Variance is the measure of the spread ... Read Full Answer >> 
Can the correlation coefficient be used to measure dependence?
The correlation coefficient can be used to measure the linear dependence between two random variables. The most common correlation ... Read Full Answer >> 
How do you calculate variance in Excel?
To calculate statistical variance in Microsoft Excel, use the builtin Excel function VAR. Given a set of numbers value1 ... Read Full Answer >>

Economics
The Federal Reserve
Few organizations can move the market like the Federal Reserve. As an investor, it's important to understand exactly what the Fed does and how it influences the economy. 
Economics
How Much Influence Does The Fed Have?
Find out how current financial policies may affect your portfolio's future returns. 
Investing Basics
Economic Indicators That DoItYourself Investors Should Know
Understanding these investing tools will put the market in your hands. 
Personal Finance
How The Federal Reserve Manages Money Supply
Find out how the Fed manages bank reserves and this contributes to a stable economy. 
Options & Futures
Explaining The World Through Macroeconomic Analysis
From unemployment and inflation to government policy, learn what macroeconomics measures and how it affects everyone. 
Active Trading
Introduction To Stationary And NonStationary Processes
What to know about stationary and nonstationary processes before you try to model or forecast. 
Retirement
Economic Indicators To Know
The economy has a large impact on the market. Learn how to interpret the most important reports. 
Fundamental Analysis
Explaining Expected Return
The expected return is a tool used to determine whether or not an investment has a positive or negative average net outcome. 
Fundamental Analysis
Explaining the Geometric Mean
The average of a set of products, the calculation of which is commonly used to determine the performance results of an investment or portfolio. 
Investing
Three Portfolio Moves To Consider Now
What portfolio moves should you consider making as the 2nd quarter kicks off? Before we focus on the future, let’s first reflect on the 1st Q surprises.