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Philadelphia Fed Index is based on the results of survey questioning manufacturers in Philadelphia on their attitude towards the current economic situation. The figures below "0" are an indication of a slowing economy.
This index has a limited impact on the market. This index is being carefully watched, because it is published prior to ISM Index and can give an idea of what it will be. Growth of the index leads to the growth of the dollar.
- Release Frequency: monthly.
- Release Schedule: 10:00 EST, the third Thursday of the month.
- Source: Federal Reserve Bank of Philadelphia.