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Finance Dictionary and Glossary of Investment Terms

Philadelphia Fed Index  

Definition 1.

This index is based on the first of several regional manufacturing reports released each month. The regional manufacturing reports, often referred to as Purchasing Manager reports, are measured like the National Association of Purchasing Managers (NAPM) index - 50% marks the breakeven line between an expanding and contracting manufacturing sector. The Philadelphia Fed survey can be of some help in forecasting the national NAPM due to its timeliness and the fact that this region represents a reasonable cross section of national manufacturing activities.Importance (A-F): B Source: Purchasing managers'' organizations and Federal Reserve banks. Release Time: 10 ET on the third Thursday of the month for the current month.
 
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