Philadelphia Fed Manufacturing Index preview: Consensus points to a decline from previous
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
| USDJPY | — | — |
The Philadelphia Fed Manufacturing Index is scheduled for release on October 15, 2026, at 12:30 UTC. Market consensus expects a reading of 33.5, a decline from the previous figure of 37.8. This release is rated as having a High impact on the market.
Historically, this release has generated notable price action. For AUDUSD, the median 1-hour move after past releases has been 7 pips, with top-quarter releases moving 11+ pips. EURUSD has seen a median 1-hour move of 9 pips, with top-quarter releases moving 19+ pips. GBPUSD has experienced a median 1-hour move of 12 pips, with top-quarter releases moving 22+ pips. USDCAD has shown a median 1-hour move of 10 pips, with top-quarter releases moving 17+ pips. USDJPY has a median 1-hour move of 11 pips, with top-quarter releases moving 23+ pips. XAUUSD, or Gold, has seen a median 1-hour move of 29 pips, with top-quarter releases moving 62+ pips. These statistics are measured over 119 to 123 releases since 2015. Directional reliability statistics are not yet available for this event.
Recent prints for the index have shown variability. The September 2026 release came in at 37.8 against a forecast of 19.5, with EURUSD moving -7.5 pips in the hour following. In August 2026, the actual was 47.4 versus a forecast of 13.7, leading to a +1.0 pip EURUSD move. The July 2026 reading was 41.4 against a forecast of 10.3, with EURUSD moving -6.3 pips.