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Most current manufacturing indicators weaken in November

Thursday, November 20, 2025 — 17:54:34 (UTC)

Philadelphia, November 20, 2025

Manufacturing activity in the region weakened this month, according to the firms responding to the November Manufacturing Business Outlook Survey. The diffusion index for current general activity increased 11 points to -1.7 in November after a sharp decline in October. The new orders and shipments indexes both turned negative. On balance, the firms indicated an increase in employment. The prices paid index rose further above its long-run average, while the prices received index moved lower but remained elevated. Future indicators suggest that firms continue to expect growth over the next six months.

www.philadelphiafed.org/surveys-and-data/regional-economic-analysis/mbos-2025-11?utm_medium=email&utm_source=data-release&utm_campaign=MBOS&utm_content=MBOS251120

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Source: Company press release.

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