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.

BREAKING DOWN '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.

RELATED TERMS
  1. Philadelphia Federal Index

    A regional federal-reserve-bank index measuring changes in business ...
  2. Federal Reserve Bank Of Philadelphia

    The Federal Reserve Bank located in Philadelphia that is responsible ...
  3. ISM Manufacturing Index

    An index based on surveys of more than 300 manufacturing firms ...
  4. NY Empire State Index

    A seasonally adjusted index that tracks the results of the Empire ...
  5. APICS Business Outlook Index

    A national manufacturing index that surveys several manufacturing ...
  6. Atlanta Fed Index

    A monthly survey of manufacturing firms located in the southeastern ...
Related Articles
  1. Insights

    Does the Empire State Index Signal a Recession?

    This morning, the New York Federal Reserve Bank reported the worst numbers in six years for its August 2015 Empire State Manufacturing Survey, indicating not only a potential economic slowdown ...
  2. Trading

    Using The ISM Manufacturing Index To Find Forex Trends

    Learn the details behind the ISM Manufacturing Index and how you can use this data to find trends in the foreign exchange market.
  3. Insights

    Empire State Manufacturing Survey: Upside Surprise

    The New York Federal Reserve's Empire State Manufacturing Survey came in at a seasonally adjusted 0.62 for March on Tuesday, much higher than Bloomberg's consensus estimate of -11.25 and well ...
  4. Insights

    What is the Purchasing Managers' Index?

    The Purchasing Managers’ Index, or PMI as it is commonly called, is an indicator of the economic health of the manufacturing sector.
  5. Insights

    U.S. ISM Expansion a Bright Spot After Lower GDP

    US manufacturing data for July still strong despite coming in below expectations. Eurozone data mixed and the UK slowing more than others.
  6. Investing

    How New York Became the Center of American Finance

    While New York is the undisputed center of American finance, it wasn't always that way. Here's a look at how the city achieved its dominant position.
  7. Investing

    Global Manufacturing: Exploring Revenue Trends and Fundamentals

    Learn about the significant global trends influencing the manufacturing sector, and the effect these trends are having on both emerging and developed countries.
  8. Insights

    Why the Purchasing Managers' Index Matters

    The Purchasing Managers' Index is a telling sign of the U.S. economy. But what is it?
  9. Insights

    Tankan Survey Provides Clues To Japanese Economy

    This quarterly survey is crucial for assessing Japan's economic health.
  10. Insights

    What You Need To Know About The Employment Report

    This widely watched indicator of economic well-being directly influences the market.
RELATED FAQS
  1. How should an investor interpret the consumer and business confidence index when ...

    Learn how investors benefit from watching the consumer and business confidence indexes, along with other key metrics, when ... Read Answer >>
  2. What is the automotive sector?

    Explore the automotive sector, which includes manufacturers, retailers, wholesalers and original equipment manufacturers, ... Read Answer >>
  3. How do central banks inject money into the economy?

    Central banks use several different methods to increase (or decrease) the amount of money in the banking system. These actions ... Read Answer >>
  4. Which benchmarks / indexes track the automotive sector?

    Explore some of the major benchmark equity indexes worldwide that analysts and investors use to track the performance of ... Read Answer >>
  5. What economic indicators should be monitored when investing in the industrial sector?

    Discover the economic indicators to monitor when investing in the industrial sector. The industrial sector is cyclical and ... Read Answer >>
  6. What are the most common market indicators to follow the Canadian stock market & ...

    Learn key indicators used by analysts to follow the Canadian stock market and to gauge the condition of the overall Canadian ... Read Answer >>
Hot Definitions
  1. Cash Flow

    The net amount of cash and cash-equivalents moving into and out of a business. Positive cash flow indicates that a company's ...
  2. PLUS Loan

    A low-cost student loan offered to parents of students currently enrolled in post-secondary education. With a PLUS Loan, ...
  3. Graduate Record Examination - GRE

    A standardized exam used to measure one's aptitude for abstract thinking in the areas of analytical writing, mathematics ...
  4. Graduate Management Admission Test - GMAT

    A standardized test intended to measure a test taker's aptitude in mathematics and the English language. The GMAT is most ...
  5. Magna Cum Laude

    An academic level of distinction used by educational institutions to signify an academic degree which was received "with ...
  6. Cover Letter

    A written document submitted with a job application explaining the applicant's credentials and interest in the open position. ...
Trading Center