FX.co ★ Philadelphia Factory Activity Rebounds More than Anticipated

The Philadelphia Fed Manufacturing Index experienced a significant rise in September 2025, reaching +23.2, the highest level observed since January of the same year. This marks a notable increase from August's reading of -0.3. The latest data, significantly surpassing the anticipated figure of 2.3, underscores a revitalization in manufacturing activities within the Philadelphia area. Specifically, the new orders index saw a 14-point rise to 12.4 this month, while the shipments index increased by 22 points to 26.1. The employment index remained relatively stable at 5.6, indicating continued overall job growth. Although both price indexes have moderated, they remain elevated, with the prices paid index decreasing by 20 points to 46.8 and the prices received index falling by 17 points to 18.8. Additionally, the survey’s projections for the next six months reflect a general optimism for growth.