Manufacturing Business Outlook Survey (MBOS) - October 2026 Report - Philadelphia Federal Reserve Bank
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View a PDF version of this report | View a TXT version of this reportManufacturing activity in the region continued to expand overall, according to the firms responding to the October Manufacturing Business Outlook Survey. The survey’s indicators for general activity, new orders, and shipments all declined but remained positive this month. The employment index edged down but continued to suggest overall increases in employment. The prices paid index moved down, while the prices received index moved higher this month; both continued to indicate overall increases in prices. The firms continued to expect overall growth over the next six months, but most future indicators declined.
The diffusion index for current general activity declined for the second consecutive month, falling from 37.8 in September to 20.9 in October (see Chart 1). More than 41 percent of the firms reported increases in activity (down from 45 percent last month), and 20 percent reported decreases (up from 8 percent); 27 percent of the firms reported no change in current activity (down from 45 percent). The new orders index fell 25 points to 4.3 this month.
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