Philadelpha Fed index came in lower than expected in October.
The index fell to 20.9 from 37.8 the previous month. According to LSEG, the market expected a reading of 28.4.
The index is a weighted aggregation of the components new orders, production, inventories, delivery times, employment and prices. A positive figure suggests an increase in economic activity, while a negative figure suggests a decrease.
USAOctober, 2026ConsensusChange from consensusSeptember, 2026Philadelphia Fed index20.928.4-26.4%37.8Consensus data from LSEG
