Philadelphia Fed Mfg Survey stands at 47.4 as of August 2026, up from 0.7 a year earlier. The reading sits in the 99th percentile of its history back to 1968.
| Latest (August 2026) | 47.4 |
| One year ago | 0.7 |
| 10-year range | -58.7 – 48.8 |
| All-time range | -58.7 (2020) – 58.5 (1973) |
| Standing | Highest since 2021 |
| Change over 12 months | +46.7 |
| Percentile vs. full history | 99th |
| History | 1968–2026 (700 observations) |
The Philadelphia Fed's manufacturing business outlook survey, the most-watched regional Fed survey and the one with the longest history, back to 1968. Like Empire, a diffusion index centered on zero rather than 50. The six-month-ahead expectations and prices-paid components carry signal beyond the headline reading.
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<a href="https://www.tacticalassetallocation.com/charts/philadelphia-fed-manufacturing-survey/">Philadelphia Fed Mfg Survey — Cambria Chart Lab</a>
Data: download CSV (source: Federal Reserve Bank of Philadelphia, via FRED).