Estados Unidos Philadelphia Fed Index Manufacturing

The Philadelphia Fed Manufacturing Index in the US decreased to 18.1 in February 2025 from 44.3 in January which was the highest since April 2021, and below forecasts of 20. Manufacturing activity in the Philadelphia region continued to expand, although at a slower pace. New orders (21.9 vs 42.9), shipments (26.3 vs 41), unfilled orders (1.4 vs 24) and inventories (-0.4 vs 11.7) declined. Also, employment (5.3 vs 11.9) and the average work week (2.9 vs 20.5) eased. In addition, both prices paid index (40.5, the highest since October 2022, vs 31.9) and prices received (32.9 vs 29.7) rose and remained above their long-run averages. Finally, firms continue to expect growth over the next six months, although expectations were less widespread (27.8 vs 46.3).