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The Philly Fed's Manufacturing Index - Prices Received is a monthly economic indicator that measures the changes in prices received by manufacturers for their finished goods 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 Received is important because it provides valuable information about the pricing power of manufacturers. When prices received for finished goods rise, manufacturers may be able to increase their profit margins, which can lead to increased investment, hiring, and economic growth. The Philly Fed's Manufacturing Index - Prices Received is also a leading indicator of future inflationary pressures. Changes in the prices received for finished goods can impact overall inflation in the economy, as consumers may pay higher prices for goods and services. Moreover, the Philly Fed's Manufacturing Index - Prices Received is used by policymakers to evaluate the effectiveness of monetary policy and to make decisions related to interest rates. If the index shows that pricing power is increasing, policymakers may take steps to tighten monetary policy by raising interest rates to keep inflation under control.
ADP Employment Change |
Average Hourly Earnings |
Average Weekly Hours |
Budget Balance NEXT:11-Dec-2024 |
Building Permits NEXT:18-Dec-2024 |
Business Inventories / Sales Ratio NEXT:17-Dec-2024 |
Business Inventories m/m NEXT:17-Dec-2024 |
Business Inventories y/y NEXT:17-Dec-2024 |
Business Sales m/m NEXT:17-Dec-2024 |
Business Sales y/y NEXT:17-Dec-2024 |
Capacity Utilization Rate m/m NEXT:17-Dec-2024 |
Capital Account Balance NEXT:18-Dec-2024 |
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