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Philly Fed New Orders

Name: Philly Fed New Orders
Creator: TipRanks

The 'Philly Fed New Orders' is a component of the Philadelphia Federal Reserve's Manufacturing Business Outlook Survey, which measures the level of new orders received by manufacturers in the region. It is an important indicator of future manufacturing activity and economic health, as an increase in new orders suggests rising demand and potential economic expansion. Financial markets closely watch this data point for insights into manufacturing trends and overall economic momentum, often influencing stock and bond prices based on the perceived strength or weakness of the manufacturing sector.