Observations

Dec 2025: 36.6

Updated: Dec 18, 2025 7:48 AM CST

Units:

Percent,

Seasonally Adjusted

Frequency:

Monthly

Notes

Title	Release Dates

Future Shipments; Percent Reporting No Change for FRB - Philadelphia District	2015-04-16	2020-07-23
Future Shipments; Percent Reporting No Change for Federal Reserve District 3: Philadelphia	2020-07-24	2025-12-18

Source

Federal Reserve Bank of Philadelphia	2015-04-16	2025-12-18

Release

Manufacturing Business Outlook Survey	2015-04-16	2025-12-18

Units

Percent	2015-04-16	2025-12-18

Frequency

Monthly	2015-04-16	2025-12-18

Seasonal Adjustment

Seasonally Adjusted	2015-04-16	2025-12-18

Notes

Future Shipments forecasts the change in shipments over the next six months for reporting manufacturing firms. For more information about this release from the Federal Reserve Bank of Philadelphia, visit: http://www.philadelphiafed.org/research-and-data/regional-economy/business-outlook-survey/ .	2015-04-16	2025-12-18

Future Shipments; Percent Reporting No Change for Federal Reserve District 3: Philadelphia (SHFNSA156MSFRBPHI)