{"id":432400,"date":"2026-06-18T19:31:08","date_gmt":"2026-06-18T12:31:08","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/06\/us-june-philly-fed-business-index-10-3-versus-10-0-estimate\/"},"modified":"2026-06-18T19:31:08","modified_gmt":"2026-06-18T12:31:08","slug":"us-june-philly-fed-business-index-10-3-versus-10-0-estimate","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/06\/us-june-philly-fed-business-index-10-3-versus-10-0-estimate\/","title":{"rendered":"US June Philly Fed business index 10.3 versus 10.0 estimate"},"content":{"rendered":"<div>\n<ul>\n<li><a href=\"https:\/\/investinglive.com\/news\/us-may-philly-fed-business-index-04-vs-180-expected-20260521\/\" target=\"_blank\" rel=\"follow\">Prior<\/a> -0.4<\/li>\n<\/ul>\n<p>Details:<\/p>\n<ul class=\"[li_&amp;amp;amp;amp;]:mb-0 [li_&amp;amp;amp;amp;]:mt-1 [li_&amp;amp;amp;amp;]:gap-1 [&amp;amp;amp;amp;:not(:last-child)_ul]:pb-1 [&amp;amp;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 27.3 versus -1.7 prior<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Shipments 14.9 versus 4.9 last month<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Unfilled orders 10.5 versus -2.5 last month<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Delivery times 10.8 versus -10.4 last month<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Inventories 23.0 versus 6.6 last month<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Prices paid 53.2 versus 47.9 prior <\/li>\n<li class=\"whitespace-normal break-words pl-2\">Prices received 20.3 versus 26.3 last month<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Number of employees 7.9 versus -2.8 prior <\/li>\n<li class=\"whitespace-normal break-words pl-2\">Average employee workweek -6.5 versus 1.2 last month<\/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;amp;amp;]:mb-0 [li_&amp;amp;amp;amp;]:mt-1 [li_&amp;amp;amp;amp;]:gap-1 [&amp;amp;amp;amp;:not(:last-child)_ul]:pb-1 [&amp;amp;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 50.2  vs 53.2 prior<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Capex index 6-month forward 41.2 versus 30.9 last month<\/li>\n<li class=\"whitespace-normal break-words pl-2\">New orders 60.8 versus 53.5 last month<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Shipments 60.3 versus 45.7 last month<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Unfilled orders 17.3 versus 19.2 last month<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Delivery times 2.5 versus 1.0 last month<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Inventories 10.0 versus 11.8 last month<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Prices paid 63.2 versus 70.0 last month<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Prices received 67.2 versus 60.5 last month<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Number of employees 30.8 versus 31.7 last month<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Average employee workweek 34.3 versus 18.4 last month<\/li>\n<\/ul>\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 Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Prior -0.4 Details: New orders 27.3 versus -1.7 prior Shipments 14.9 versus 4.9 last month Unfilled orders 10.5 versus -2.5 last month Delivery times 10.8 versus -10.4 last month Inventories 23.0 versus&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-432400","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/432400","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=432400"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/432400\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=432400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=432400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=432400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}