# Philadelphia Fed manufacturing index slows to 20.9 in October

> The Philadelphia Fed’s regional survey put general activity at 20.9, with new orders at 4.3 and shipments at 15.3.

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- Publisher: Newsverum
- Section: Economy
- Country: United States
- Published: 2026-10-15T16:15:27+00:00
- Updated: 2026-10-15T16:15:27+00:00
- Event / data period: 2026-10
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The Philadelphia Fed’s October Manufacturing Business Outlook Survey put the Third District’s general activity index at 20.9, down from 37.8 in September. The new orders index fell to 4.3 and shipments to 15.3.

Responses were collected October 5–12. Diffusion indexes are the share reporting increases minus the share reporting decreases; these readings are neither output growth rates nor national estimates.

## Data

### Philadelphia Fed manufacturing index slows to 20.9 in October

The Philadelphia Fed’s regional survey put general activity at 20.9, with new orders at 4.3 and shipments at 15.3.

Methodology: The Philadelphia Fed surveys manufacturers in the Third District, not the whole United States. Readings are seasonally adjusted diffusion indexes (increase share minus decrease share).

| date | label | description | status |
|---|---|---|---|
| 2026-10-15 | Philadelphia Fed manufacturing index slows to 20.9 in October | The Philadelphia Fed’s regional survey put general activity at 20.9, with new orders at 4.3 and shipments at 15.3. | occurred |

Sources: <https://www.philadelphiafed.org/surveys-and-data/regional-economic-analysis/mbos-2026-10> · Download data: [JSON](https://newsverum.com/api/v1/articles/philadelphia-fed-october-2026-manufacturing-survey/data/reported-event?lang=en&format=json) · [CSV](https://newsverum.com/api/v1/articles/philadelphia-fed-october-2026-manufacturing-survey/data/reported-event?lang=en&format=csv)

### Source indicators

Values and measurement bases reported in the official source.

Methodology: The Philadelphia Fed surveys manufacturers in the Third District, not the whole United States. Readings are seasonally adjusted diffusion indexes (increase share minus decrease share).

| Measure | index points |
|---|---|
| General business activity | 20.9 |
| New orders | 4.3 |
| Shipments | 15.3 |
| Prices paid | 43.2 |
| Prices received | 40.1 |

Sources: <https://www.philadelphiafed.org/surveys-and-data/regional-economic-analysis/mbos-2026-10> · Download data: [JSON](https://newsverum.com/api/v1/articles/philadelphia-fed-october-2026-manufacturing-survey/data/reported-figures?lang=en&format=json) · [CSV](https://newsverum.com/api/v1/articles/philadelphia-fed-october-2026-manufacturing-survey/data/reported-figures?lang=en&format=csv)

## Sources

- [Federal Reserve Bank of Philadelphia](<https://www.philadelphiafed.org/surveys-and-data/regional-economic-analysis/mbos-2026-10>) (Source checked: 2026-10-15; Published: 2026-10-15)

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