Philadelphia Fed Survey
Definition of 'Philadelphia Fed Survey'
The theory is that higher survey figures lead to higher production which in turn contributes to economic growth.
Results of the survey are calculated as the difference between percentage scores with zero acting as the base. Values greater than zero indicate growth, while values less than zero indicate contraction.
The survey asks questions to voluntary participants about unemployment, new orders, shipments, inventories, and cost of purchases.
This is a monthly report released on the third Thursday of each month. The General Business Conditions Index produced by this survey is a diffusion index.
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