The Philly Fed ADS Business Conditions Index

The Philly Fed ADS Index is designed to track real business conditions at high frequency. It is based on six underlying data series:

Weekly initial jobless claims
Monthly payroll employment
Industrial production
Personal income less transfer payments
Manufacturing and trade sales
Quarterly real GDP

Solid Improvement for Business Sales in November 2010

The combined business community including manufacturing shows a solid 1.3% sales sales increase – although not at record levels.