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Philadelphia Fed Index

Definition: This index reflects a survey of manufacturers from the Philadelphia (USA) area about their attitudes towards the current economic climate.

Description: The Philadelphia Fed Index is based on the responses of roughly 100 Philadelphia-area manufacturers and reflects how they feel about the current economic situation and where they think the economy is heading in the next six months. A reading below 0 may point towards a slowdown in the US economy. The Philadelphia index comes out just before the ISM (Institute for Supply Management) index and is often looked to as a valuable predictor of ISM results.

Influence: An increase in this index may lead to a strengthening of the US dollar.

Market Impact: Low

Released: The third Thursday of every month at 15:00 GMT

Source: The Federal Reserve Bank of Philadelphia (USA)

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