Philly Fed Survey as ISM-weighted basis calculation

Discussion in 'Economics' started by Bernard111, May 18, 2006.

  1. Today the Philly Fed headlines at 14.4 was largely higher than its components.
    In fact most of the economists commented essentially that >>Philly Fed survey was mixed, with the headline indicating modest growth, but components "all much weaker than anticipated. Looking at the Philly Fed survey on an ISM-weighted basis, the index fell 3.1 points to 52.5 in May." >>

    Anyone knows how to recalculate the Philly Business Activity index in terms of ISM-weighted basis?