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Category: Research - Topic: Economics - PHILA FED NON-MFG


Philadelphia Fed NonManufacturing Survey suggest activity declined in April 2024
Posted: April 25, 2024 at 08:30 AM (Thursday)

Nonmanufacturing activity in the region expanded overall this month, according to the firms responding to the April Nonmanufacturing Business Outlook Survey. The indexes for general activity at the firm level, new orders, and sales/revenues were all positive. The full- and part-time employment indexes suggest overall increases in employment. ...


Philadelphia Fed NonManufacturing Survey suggest activity declined in March 2024
Posted: March 26, 2024 at 08:30 AM (Tuesday)

Nonmanufacturing activity in the region declined this month, according to the firms responding to the March Nonmanufacturing Business Outlook Survey. The index for general activity at the firm level turned negative. The new orders index remained negative, while the sales/revenues index fell to a near-zero reading. The full-time employment ...


Philadelphia Fed NonManufacturing Survey suggest activity was mostly steady in February 2024
Posted: February 21, 2024 at 08:30 AM (Wednesday)

Firms responding to the February Nonmanufacturing Business Outlook Survey indicated mostly steady business activity. The index for general activity at the firm level declined to a near-zero reading. The index for sales/revenues was little changed, while the index for new orders turned negative. On balance, the firms continued to report an ...


Philadelphia Fed NonManufacturing Survey suggest activity indicated overall improvement in November 2023
Posted: December 26, 2023 at 08:30 AM (Tuesday)

Nonmanufacturing activity in the region expanded this month, according to the firms responding to the December Nonmanufacturing Business Outlook Survey. The indexes for general activity at the firm level and sales/revenues remained positive, while the new orders index improved but remained negative. The firms continued to report overall ...


Philadelphia Fed NonManufacturing Survey suggest activity indicated overall improvement in November 2023
Posted: November 21, 2023 at 08:30 AM (Tuesday)

Firms responding to the November Nonmanufacturing Business Outlook Survey indicated overall improvement in business activity. The indexes for general activity at the firm level and sales/revenues returned to positive territory for the first time since July. The index for new orders rose but remained negative. The firms continued to report ...


Philadelphia Fed NonManufacturing Survey suggest activity remained weak overall in October 2023
Posted: October 24, 2023 at 08:30 AM (Tuesday)

Nonmanufacturing activity in the region remained weak overall, according to the firms responding to the October Nonmanufacturing Business Outlook Survey. The survey's current indicators for general activity at the firm level and for sales/revenues edged up but remained negative. Meanwhile, the index for new orders fell further into ...


Philadelphia Fed NonManufacturing Survey suggest activity declined overall in September 2023
Posted: September 26, 2023 at 08:30 AM (Tuesday)

Nonmanufacturing activity in the region declined overall this month, according to the firms responding to the September Nonmanufacturing Business Outlook Survey. The indexes for general activity at the firm level, new orders, and sales/revenues all remained negative. The firms continued to report overall increases in full-time employment ...


Philadelphia Fed NonManufacturing Survey suggest activity remained weak overall in August 2023
Posted: August 22, 2023 at 08:30 AM (Tuesday)

Nonmanufacturing activity in the region remained weak overall this month, according to the firms responding to the August Nonmanufacturing Business Outlook Survey. The index for general activity at the firm level fell to a near-zero reading, while the index for new orders remained negative and the index for sales/revenues returned to ...


Philadelphia Fed NonManufacturing Survey suggest activity mostly steady in July 2023
Posted: July 25, 2023 at 08:30 AM (Tuesday)

Responses to the July Nonmanufacturing Business Outlook Survey suggest mostly steady nonmanufacturing activity in the region. The indexes for general activity at the firm level and sales/revenues increased and returned to positive but low readings, while the index for new orders remained negative. Both price indexes increased this ...


Philadelphia Fed NonManufacturing Survey suggest activity continues to weaken in April 2023
Posted: April 25, 2023 at 08:30 AM (Tuesday)

Responses to the April Nonmanufacturing Business Outlook Survey suggest continued weakening in nonmanufacturing activity in the region. The indexes for general activity at the firm level, sales/revenues, and new orders all declined. Both price indexes remain somewhat elevated, and the respondents continue to anticipate growth over the next ...


Philadelphia Fed NonManufacturing Survey suggest activity weakened in March 2023
Posted: March 21, 2023 at 08:30 AM (Tuesday)

Nonmanufacturing activity in the region weakened this month, according to the firms responding to the March Nonmanufacturing Business Outlook Survey. The index for general activity fell to a near-zero reading, and the index for new orders at the firm level turned negative. The sales/revenues index also decreased but remained positive, and ...


Philadelphia Fed NonManufacturing Survey suggest continued expansion in February 2023
Posted: February 21, 2023 at 08:30 AM (Tuesday)

Nonmanufacturing business activity continued to expand overall this month, according to the firms responding to the February Nonmanufacturing Business Outlook Survey. The index for general activity at the firm level increased, and the indexes for new orders and sales/revenues remained positive but declined. The indexes for full- and ...


Philadelphia Fed NonManufacturing Survey suggest activity expanded in January 2023
Posted: January 24, 2023 at 08:30 AM (Tuesday)

Nonmanufacturing activity in the region expanded this month, according to the firms responding to the January Nonmanufacturing Business Outlook Survey. The indexes for general activity at the firm level, sales/revenues, new orders, and full-time employment all rose this month. The firms continued to report overall increases in both prices paid ...


Philadelphia Fed NonManufacturing Survey suggest activity remained weak in December 2022
Posted: December 20, 2022 at 08:30 AM (Tuesday)

Nonmanufacturing activity in the region remained weak this month, according to the firms responding to the December Nonmanufacturing Business Outlook Survey. The index for general activity at the firm level turned positive but remained low. The new orders and sales/revenues indexes were negative, and the full-time employment index declined to ...


Philadelphia Fed NonManufacturing Survey suggest weakened nonmanufacturing activity in November 2022
Posted: November 22, 2022 at 08:30 AM (Tuesday)

Responses to the November Nonmanufacturing Business Outlook Survey suggest weakened nonmanufacturing activity in the region. The index for general activity at the firm level fell into negative territory, and the index for new orders remained negative. The index for sales/revenues declined sharply but remained positive. The full-time ...


Philadelphia Fed NonManufacturing Survey suggest continued expansion in October 2022
Posted: October 25, 2022 at 08:30 AM (Tuesday)

Nonmanufacturing activity in the region continued to expand overall, according to the firms responding to the October Nonmanufacturing Business Outlook Survey. The survey's current indicator for general activity at the firm level decreased but remained positive, and the index for sales/revenues increased. However, the index for new orders ...


Philadelphia Fed NonManufacturing Survey suggest mostly steady activity in September 2022
Posted: September 20, 2022 at 08:30 AM (Tuesday)

Nonmanufacturing activity in the region expanded this month, according to the firms responding to the September Nonmanufacturing Business Outlook Survey. The indexes for general activity at the firm level, sales/revenues, and new orders increased this month, with the former two returning to positive territory. The index for full-time ...


Philadelphia Fed NonManufacturing Survey suggest mostly steady activity in August 2022
Posted: August 23, 2022 at 08:30 AM (Tuesday)

Nonmanufacturing business activity was mostly steady on balance this month, according to the firms responding to the August Nonmanufacturing Business Outlook Survey. The index for general activity at the firm level fell to zero, and the indexes for new orders and sales/revenues dipped into negative territory. The full-time employment ...


Philadelphia Fed NonManufacturing Survey suggest moderation in activity in July 2022
Posted: July 26, 2022 at 08:30 AM (Tuesday)

Responses to the July Nonmanufacturing Business Outlook Survey indicate a moderation of nonmanufacturing activity in the region. The indexes for general activity at the firm level, sales/revenues, and new orders all declined but remained positive at low readings. The price indicators for the firms' inputs and own goods also decreased but ...


Philadelphia Fed NonManufacturing Survey suggest expansion in activity in June 2022
Posted: June 21, 2022 at 08:30 AM (Tuesday)

Nonmanufacturing activity in the region expanded this month, according to the firms responding to the June Nonmanufacturing Business Outlook Survey. The indexes for general activity at the firm level, sales/revenues, new orders, and full-time employment all increased this month. The prices paid and prices received indexes increased, with ...


Philadelphia Fed NonManufacturing Survey suggest continued expansion in May 2022
Posted: May 24, 2022 at 08:30 AM (Tuesday)

Nonmanufacturing business activity expanded this month, according to the firms responding to the May Nonmanufacturing Business Outlook Survey. The indexes for general activity at the firm level, new orders, and sales/revenues all declined for the second consecutive month but remained positive. The employment indexes continue to suggest ...


Philadelphia Fed NonManufacturing Survey suggest continued expansion in activity in April 2022
Posted: April 26, 2022 at 08:30 AM (Tuesday)

Responses to the April Nonmanufacturing Business Outlook Survey suggest continued expansion in nonmanufacturing activity in the region. The indexes for general activity at the firm level, sales/revenues, and new orders all declined but remained positive. Prices for the firms' inputs and own goods sustained overall increases, according to ...


Philadelphia Fed NonManufacturing Survey suggest activity expanded in March 2022
Posted: March 22, 2022 at 08:30 AM (Tuesday)

Nonmanufacturing activity in the region expanded this month, according to the firms responding to the March Nonmanufacturing Business Outlook Survey. The indexes for general activity at the firm level, sales/revenues, new orders, and full-time employment all increased this month. The prices paid and prices received indexes edged down but ...


Philadelphia Fed NonManufacturing Survey suggest continued expansion in February 2022
Posted: February 22, 2022 at 08:30 AM (Tuesday)

Nonmanufacturing business activity expanded this month, according to the firms responding to the February Nonmanufacturing Business Outlook Survey. The indexes for general activity at the firm level, new orders, sales/revenues, and employment all increased this month after declining last month. The prices paid and prices received indexes rose ...


Philadelphia Fed NonManufacturing Survey suggest continued growth in January 2022
Posted: January 25, 2022 at 08:30 AM (Tuesday)

Responses to the January Nonmanufacturing Business Outlook Survey suggest weakened nonmanufacturing activity in the region. The indexes for general activity at the firm level, sales/revenues, and new orders all posted sharp declines but remained slightly positive. Additionally, the index for full-time employment decreased. The firms continued ...


Philadelphia Fed NonManufacturing Survey suggest continued growth in December 2021
Posted: December 21, 2021 at 08:30 AM (Tuesday)

Responses to the December Nonmanufacturing Business Outlook Survey suggest continued growth in business activity in the region. The indicators for firm-level general activity and sales/revenues both declined moderately from last month, while the indicator for new orders increased slightly. The survey's indexes for employment decreased. ...


Philadelphia Fed NonManufacturing Survey suggest continued expansion in November 2021
Posted: November 23, 2021 at 08:30 AM (Tuesday)

Nonmanufacturing business activity expanded this month, according to the firms responding to the November Nonmanufacturing Business Outlook Survey. The indexes for general activity at the firm level, new orders, and sales/revenues all increased this month. The full- and part-time employment indexes remained positive, and the prices paid and ...


Philadelphia Fed NonManufacturing Survey suggest continued growth in October 2021
Posted: October 26, 2021 at 08:30 AM (Tuesday)

Nonmanufacturing activity in the region continued to expand this month, according to the firms responding to the Nonmanufacturing Business Outlook Survey. The survey's current indicators for general activity and sales/revenues increased, while the index for new orders remained steady. The survey's indexes for prices paid and prices received ...


Philadelphia Fed NonManufacturing Survey suggest continued growth in September 2021
Posted: September 21, 2021 at 08:30 AM (Tuesday)

Responses to the September Nonmanufacturing Business Outlook Survey suggest continued growth in business activity in the region. However, the indicators for firm-level general activity, new orders, and sales/revenues all declined from last month. The survey's indexes for full-time and part-time employment rose. Overall, the respondents ...


Philadelphia Fed NonManufacturing Survey suggest continued growth in August 2021
Posted: August 24, 2021 at 08:30 AM (Tuesday)

Responses to the August Nonmanufacturing Business Outlook Survey indicated continued growth in business activity in the region. The indexes for firm-level general activity, new orders, and sales/revenues remained positive but declined from their July readings. Further, the indexes for prices paid and prices received edged back, while the ...


Philadelphia Fed NonManufacturing Survey suggest continued expansion in July 2021
Posted: July 20, 2021 at 08:30 AM (Tuesday)

Responses to the July Nonmanufacturing Business Outlook Survey suggest continued expansion in nonmanufacturing activity in the region. The indexes for general activity at the firm level and sales/revenues both declined but remained elevated, and the new orders and full-time employment indexes both rose. Prices for firms' inputs and own ...


Philadelphia Fed NonManufacturing Survey indicated further strengthening in activity in June 2021
Posted: June 22, 2021 at 08:30 AM (Tuesday)

Responses to the June Nonmanufacturing Business Outlook Survey suggest further strengthening in nonmanufacturing activity in the region. The indicators for firm-level general activity, new orders, and sales/revenues all rose sharply. However, the full-time employment index decreased but remained positive. The respondents expect overall ...


Philadelphia Fed NonManufacturing Survey indicated continued expansion in activity in May 2021
Posted: May 25, 2021 at 08:30 AM (Tuesday)

Responses to the May Nonmanufacturing Business Outlook Survey suggest continued expansion in nonmanufacturing activity in the region. The index for general activity at the firm level held mostly steady, and the index for new orders increased; however, the sales/revenues index edged down. Additionally, the survey's index for full-time ...


Philadelphia Fed NonManufacturing Survey indicated expansion in activity in April 2021
Posted: April 20, 2021 at 08:30 AM (Tuesday)

Responses to the April Nonmanufacturing Business Outlook Survey suggest expansion in nonmanufacturing activity in the region. The indexes for general activity at the firm level, sales/revenues, and new orders all declined slightly but remained positive. Prices for firms' inputs and own goods continue to sustain overall increases, according to ...


Philadelphia Fed NonManufacturing Survey indicated expansion in activity in March 2021
Posted: March 23, 2021 at 08:30 AM (Tuesday)

The seasonal factors that our researchers at the Philadelphia Fed use to calculate the survey's diffusion indexes were affected by atypical patterns because of the onset of the pandemic one year ago. For several variables, revised seasonal factors shifted by much more than is normal. We may revise our seasonal adjustment approach after ...


Philadelphia Fed NonManufacturing Survey Further Weakening in Activity in January
Posted: January 26, 2021 at 08:30 AM (Tuesday)

Responses to the January Nonmanufacturing Business Outlook Survey suggest further weakening in nonmanufacturing activity in the region. The indexes for general activity at the firm level and sales/revenues both declined and posted negative readings. Although the indexes for new orders and full-time employment increased, readings for both ...


Philadelphia Fed NonManufacturing Survey Suggest Activity moderation continued in December
Posted: December 22, 2020 at 08:30 AM (Tuesday)

Firms responding to the December Nonmanufacturing Business Outlook Survey indicated a continued moderation in business activity. The survey's current indicator for general activity at the firm level held steady at a low but positive reading. However, the indexes for new orders and sales/revenues remained negative, and the full-time ...


Philadelphia Fed NonManufacturing Survey Suggest Activity moderated in November
Posted: November 24, 2020 at 08:30 AM (Tuesday)

Firms responding to the November Nonmanufacturing Business Outlook Survey indicated a moderation in business activity. The indexes for general activity at the firm level, sales/revenues, and new orders all posted declines for the month, with the latter two indexes reaching negative territory. However, the survey's indexes for full-time ...


Philadelphia Fed NonManufacturing Survey Suggest Activity continued improving in October
Posted: October 20, 2020 at 08:30 AM (Tuesday)

Nonmanufacturing activity in the region continued to expand this month, according to firms responding to the Nonmanufacturing Business Outlook Survey. The survey's current indicators for general activity, new orders, and sales/revenues remained positive, and the survey's index for full-time employment increased. Respondents expect ...


Philadelphia Fed NonManufacturing Survey Suggest Activity continued improving in September
Posted: September 22, 2020 at 08:30 AM (Tuesday)

Nonmanufacturing firms reported continued signs of improvement in regional nonmanufacturing activity this month, according to results from the Nonmanufacturing Business Outlook Survey. The index for general activity at the firm level edged up, sales/revenues remained stable, and new orders edged down. The survey's indexes for full-time ...


Philadelphia Fed NonManufacturing Survey Suggest Activity improvement continued in August
Posted: August 25, 2020 at 08:30 AM (Tuesday)

Firms responding to the August Nonmanufacturing Business Outlook Survey indicated continued improvement in business activity. The indexes for general activity at the firm level and sales/revenues showed positive readings for the third consecutive month, coinciding with the phased reopening of the service economy in the region. Additionally, ...


Philadelphia Fed NonManufacturing Survey Suggest Activity shows signs of improvement in July
Posted: July 21, 2020 at 08:30 AM (Tuesday)

Nonmanufacturing firms reported signs of improvement in regional nonmanufacturing activity this month, according to results from the Nonmanufacturing Business Outlook Survey. The indexes for general activity at the firm level and sales/revenues showed positive readings for the second consecutive month after a string of negative readings in ...


Philadelphia Fed NonManufacturing Survey Suggest Activity continued weakness in June
Posted: June 23, 2020 at 08:30 AM (Tuesday)

Nonmanufacturing firms reported continued weakness in regional nonmanufacturing activity this month, according to results from the Nonmanufacturing Business Outlook Survey. Most of the survey’s current indicators improved from readings last month: The indexes for general activity at the firm level and sales/revenues showed positive readings ...


Philadelphia Fed NonManufacturing Survey Suggest Activity weakness continued in May
Posted: May 26, 2020 at 08:30 AM (Tuesday)

Responses to the May Nonmanufacturing Business Outlook Survey suggest continued weakness in nonmanufacturing activity in the region. Despite remaining well below zero, the survey’s current indicators for general activity at the firm level, new orders, sales/revenues, and full-time employment all increased this month after reaching all-time ...


Philadelphia Fed NonManufacturing Survey Suggest Activity fell sharply in April
Posted: April 21, 2020 at 08:30 AM (Tuesday)

Nonmanufacturing firms reported continued weakening in regional nonmanufacturing activity this month, according to results from the Nonmanufacturing Business Outlook Survey. The survey’s current indicators for general activity at the firm level, sales/revenues, new orders, and full-time employment once again fell sharply this month to ...


Philadelphia Fed NonManufacturing Survey Suggest Activity fell sharply in March
Posted: March 24, 2020 at 08:30 AM (Tuesday)

Nonmanufacturing firms reported a significant weakening in regional nonmanufacturing activity this month, according to results from the Nonmanufacturing Business Outlook Survey. The survey’s indexes for general activity at the firm level, sales/revenues, new orders, and full-time employment all fell sharply and into negative territory this ...


Philadelphia Fed NonManufacturing Survey Suggest Activity continued to expand in February
Posted: February 25, 2020 at 08:30 AM (Tuesday)

Responses to the February Nonmanufacturing Business Outlook Survey suggest continued expansion in nonmanufacturing activity in the region. The indexes for general activity at the firm level, new orders, and sales/revenues all increased for the second consecutive month. Additionally, the index for full-time employment rose. The firms continued ...


Philadelphia Fed NonManufacturing Survey Suggest Activity continued to expand in January
Posted: January 21, 2020 at 08:30 AM (Tuesday)

Responses to the January Nonmanufacturing Business Outlook Survey suggest continued expansion in nonmanufacturing activity in the region. The indexes for general activity at the firm level, new orders, and sales/revenues all rose. However, the index for full-time employment decreased. The firms continued to report overall increases in the ...


Philadelphia Fed NonManufacturing Survey Suggest Activity moderated in December
Posted: December 24, 2019 at 08:30 AM (Tuesday)

Responses to the December Nonmanufacturing Business Outlook Survey suggest a moderation of nonmanufacturing activity in the region. The indexes for general activity at the firm level, new orders, and sales/revenues all fell but remained positive. The index for full-time employment remained stable. The firms continued to report overall increases ...


Philadelphia Fed NonManufacturing Survey Suggest Activity Continued Expansion in November
Posted: November 26, 2019 at 08:30 AM (Tuesday)

Responses to the November Nonmanufacturing Business Outlook Survey suggest continued expansion in nonmanufacturing activity in the region. The indexes for general activity at the firm level and sales/revenues both increased, while the new orders index ticked downward. The index for full-time employment rose. The firms continued to report ...



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