A monthly survey, produced by the Federal Reserve Bank of Philadelphia, which questions manufacturers on general business conditions within the Philadelphia Federal Reserve district. This survey is correlated with the ISM manufacturing index and the index of industrial production.
The Philly Fed survey gives a detailed look at the manufacturing sector, how busy it is and where things are headed. Since manufacturing is a major sector of the economy, this report can have a big influence on the stock market.
The Philadelphia Fed Report, formally known as the Business Outlook Survey and sometimes abbreviated as BOS, is a monthly survey produced by the Federal Reserve Bank of Philadelphia (informally known as the Philadelphia Fed) which questions manufacturers on general business conditions. The index covers the Third Federal Reserve District (the jurisdiction of the Philadelphia Fed), namely covers eastern and central Pennsylvania, the nine southern counties of New Jersey, and Delaware. The report is sometimes also called the Philadelphia Fed Index because it includes reporting of some index values.