October Philadelphia Fed Manufacturing Index Falls More Than Expected

08:51 AM EDT, 10/15/2026 (MT Newswires) -- The Philadelphia Federal Reserve's monthly manufacturing index decreased to 20.9 in October after falling to 37.8 in September, compared with expectations for a smaller decrease to a reading of 28.0 in a survey compiled by Bloomberg, but still points to solid expansion. There were decreases in the readings for new orders, shipments and number of employees. The prices paid measure fell to 43.2 from 48.6 in the previous month, with more than 43% of respondents still experiencing higher prices, compared with none that reported paying lower prices.