Philadelphia Manufacturing Activity Rises Again

Future growth expectations jump in February survey

Published on Feb. 24, 2026

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Manufacturing activity in the Philadelphia region climbed again in February, with future expectations for growth jumping, according to a monthly survey from the Federal Reserve Bank of Philadelphia.

Why it matters

The Philadelphia region is a key manufacturing hub, so this data provides an important indicator of the health of the broader U.S. manufacturing sector and economy.

The details

The Federal Reserve Bank of Philadelphia said its general business activity index for February increased four points to 16.3, signaling continued expansion in regional manufacturing.

  • The survey was conducted in February 2026.

The players

Federal Reserve Bank of Philadelphia

The regional Federal Reserve bank that conducts a monthly survey of manufacturing activity in the Philadelphia area.

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The takeaway

This data suggests the Philadelphia manufacturing sector remains resilient, providing a positive sign for the broader U.S. economy as it continues to recover from the impacts of the pandemic.