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The Philly Fed's Manufacturing Index - Prices Paid is a monthly economic indicator that measures the changes in prices paid for raw materials and supplies by manufacturers in the Third Federal Reserve District, which covers eastern Pennsylvania, southern New Jersey, and Delaware. The index is reported by the Federal Reserve Bank of Philadelphia and is based on a survey of manufacturers in the region.
The Philly Fed's Manufacturing Index - Prices Paid is important because it provides valuable information about inflationary pressures in the manufacturing sector. When prices for raw materials and supplies rise, manufacturers may pass on these higher costs to consumers in the form of higher prices for finished goods. This can lead to overall inflation in the economy. The Philly Fed's Manufacturing Index - Prices Paid is also a leading indicator of future inflationary pressures. Changes in the prices paid for raw materials and supplies often precede changes in overall inflation in the economy, as manufacturers adjust their prices to cover higher costs. Moreover, the Philly Fed's Manufacturing Index - Prices Paid is used by policymakers to evaluate the effectiveness of monetary policy and to make decisions related to interest rates. If the index shows that inflationary pressures are increasing, policymakers may take steps to tighten monetary policy by raising interest rates to keep inflation under control.
ADP Employment Change NEXT:4-Dec-2024 |
Average Hourly Earnings NEXT:6-Dec-2024 |
Average Weekly Hours NEXT:6-Dec-2024 |
Budget Balance NEXT:13-Nov-2024 |
Building Permits NEXT:19-Nov-2024 |
Business Inventories / Sales Ratio NEXT:15-Nov-2024 |
Business Inventories m/m NEXT:15-Nov-2024 |
Business Inventories y/y NEXT:15-Nov-2024 |
Business Sales m/m NEXT:15-Nov-2024 |
Business Sales y/y NEXT:15-Nov-2024 |
Capacity Utilization Rate m/m NEXT:15-Nov-2024 |
Capital Account Balance NEXT:18-Dec-2024 |
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