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

Fourth Quarter GDP Up to 3.2% – Likely to be Revised Further Up

The Bureau of Labor Statistics issued the advance estimate of 4Q2011 Gross National Product (GDP) showing a 3.2% rise.