{"id":429564,"date":"2026-04-16T19:40:05","date_gmt":"2026-04-16T12:40:05","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/04\/us-april-philly-fed-business-index-26-7-vs-10-0-expected\/"},"modified":"2026-04-16T19:40:05","modified_gmt":"2026-04-16T12:40:05","slug":"us-april-philly-fed-business-index-26-7-vs-10-0-expected","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/us-april-philly-fed-business-index-26-7-vs-10-0-expected-429564\/","title":{"rendered":"US April Philly Fed business index +26.7 vs +10.0 expected"},"content":{"rendered":"<div>\n<ul>\n<li><a href=\"https:\/\/investinglive.com\/news\/us-march-philly-fed-business-index-181-vs-100-expected-20260319\/\" target=\"_blank\" rel=\"follow\">Prior<\/a> was +18.1<\/li>\n<\/ul>\n<p class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\">Details:<\/p>\n<ul class=\"[li_&amp;amp;]:mb-0 [li_&amp;amp;]:mt-1 [li_&amp;amp;]:gap-1 [&amp;amp;:not(:last-child)_ul]:pb-1 [&amp;amp;:not(:last-child)_ol]:pb-1 list-disc flex flex-col gap-1 pl-8 mb-3\">\n<li class=\"whitespace-normal break-words pl-2\">New orders 33.0 vs 8.6 prior<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Shipments 34.0 vs 22.2 prior<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Unfilled orders -10.2 vs -4.7 prior<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Delivery times 1.7 vs 18.9 prior<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Inventories -1.9 vs 1.4 prior<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Prices paid 59.3 vs 44.7 prior<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Prices received 33.5 vs 21.2 prior<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Number of employees -5.1 vs 0.8 prior<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Average employee workweek 7.7 vs 2.8 prior<\/li>\n<\/ul>\n<p class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\">Six-months from now indicators:<\/p>\n<ul class=\"[li_&amp;amp;]:mb-0 [li_&amp;amp;]:mt-1 [li_&amp;amp;]:gap-1 [&amp;amp;:not(:last-child)_ul]:pb-1 [&amp;amp;:not(:last-child)_ol]:pb-1 list-disc flex flex-col gap-1 pl-8 mb-3\">\n<li class=\"whitespace-normal break-words pl-2\">6 month index 40.8 vs 40.0 prior<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Capex index 6-month forward 35.2 vs 25.8 prior<\/li>\n<li class=\"whitespace-normal break-words pl-2\">New orders 45.7 vs 49.6 prior<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Shipments 40.8 vs 53.6 prior<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Unfilled orders -4.1 vs 15.3 prior<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Delivery times 2.7 vs -4.7 prior<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Inventories -0.7 vs 16.8 prior<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Prices paid 50.2  vs 53.7 prior<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Prices received 50.2  vs 38.4 prior<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Number of employees 35.9 vs 40.4 prior<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Average employee workweek 30.3 vs 24.1 prior<\/li>\n<\/ul>\n<p>The survey\u2019s indicators for general activity, new orders, and shipments all moved higher this month. However, the employment index fell and turned negative, suggesting overall declines in employment. Both price indexes rose for the second consecutive month. The firms continue to expect overall growth over the next six months, although most future indicators moved down.<\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\">What is the Philly Fed Index?<\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\">The Philadelphia Fed Manufacturing Survey, also known as the Philly Fed Index, is one of the earliest monthly indicators of manufacturing sector health in the United States. Published by the Federal Reserve Bank of Philadelphia, it surveys manufacturers in the Third Federal Reserve District, covering eastern Pennsylvania, southern New Jersey, and Delaware. Readings above zero indicate expanding activity, while readings below zero signal contraction. The survey is closely watched by economists and market participants because it often serves as a leading indicator for the national ISM Manufacturing Index released later each month.<\/p>\n<p>                            This article was written by Giuseppe Dellamotta at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Prior was +18.1 Details: New orders 33.0 vs 8.6 prior Shipments 34.0 vs 22.2 prior Unfilled orders -10.2 vs -4.7 prior Delivery times 1.7 vs 18.9 prior Inventories -1.9 vs 1.4 prior&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-429564","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/429564","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=429564"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/429564\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=429564"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=429564"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=429564"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}