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Coming upFedPhilly FedThu, Nov 19 · 8:30 AM ET

Philadelphia Fed manufacturing survey for November 2026: out Thursday, November 19, 2026, at 8:30 AM ET

The story goes up on this page shortly after the release: the new numbers, how they compare with before and what they mean for your money. Until then, here is what the release measures and where the last report left off.

What it measures

A monthly survey of manufacturers in eastern Pennsylvania, southern New Jersey and Delaware by the Federal Reserve Bank of Philadelphia. The headline index is the share of firms reporting higher activity minus the share reporting lower; above zero points to growth.

Why it matters for your money

Along with the New York Fed’s survey, it gives an early read on factories each month, before national manufacturing data come out.

Where the last report left off

Oct 2026 data

Philadelphia Fed current general activity index
20.9Sep 2026: 37.8
Philadelphia Fed current general activity index, last 24 months

View the data as a table
Philadelphia Fed current general activity index, last 24 months
PeriodValue
Oct 202620.9
Sep 202637.8
Aug 202647.4
Jul 202641.4
Jun 202610.3
May 2026−0.4
Apr 202626.7
Mar 202618.1
Feb 202616.3
Jan 202612.6
Dec 2025−8.8
Nov 20250.6
Oct 2025−10.1
Sep 202519.5
Aug 20250.7
Jul 202511.4
Jun 2025−1.4
May 2025−0.7
Apr 2025−12.9
Mar 202510.2
Feb 202513.4
Jan 202532.9
Dec 2024−9.6
Nov 2024−1.5

Source: Federal Reserve Bank of Philadelphia, via FRED (Federal Reserve Bank of St. Louis). Revised figures replace earlier ones.Full release

The last story

Philadelphia Fed factory index fell to 20.9 in October, down for a second month

The index still pointed to growth, and it stood well above October 2025, when it read −10.1, but it has now slipped from a peak of 47.4 in August 2026.