Estados Unidos Philadelphia Fed Index Manufacturing

The Philadelphia Fed Manufacturing Index surged 21.4 points to 12.6 in January 2026, marking its highest level since September, as activity rebounded sharply from an upwardly revised -8.8 in December and far exceeded market expectations of -2. New orders rose to 14.4 and shipments increased to 9.5, signaling improved demand and deliveries, while inventories fell to -8.4, the lowest since July 2024. Employment remained positive at 9.7, though slightly lower than last month, and the average workweek edged down to 9.1. Input prices eased slightly, with the prices paid index dipping to 46.9, while the prices received index rose to 27.8, indicating ongoing cost pressures. Looking ahead, the future activity index slipped to 25.5, with future new orders falling to 32.9 and future shipments rising to 40.8. Firms continue to anticipate modest growth in employment and elevated prices over the next six months, reflecting cautious optimism amid sustained price pressures.