Thursday, March 17, 2016

The Philly Fed Business Outlook Survey: March 2016

The March release of the Federal Reserve Bank of Philadelphia Business Outlook Survey (BOS) indicated improvement in the regions manufacturing activity with the current activity index increasing to a level of 12.4 while assessments the future activity also improved to a level of 28.8.

The above chart shows the current and future activity indexes both with their corresponding 3-month moving averages. The red line marks the threshold between contraction and expansion for these diffusion indexes.