Observations

Sep 2026: -2.7

Updated: Sep 22, 2026 7:37 AM CDT

Units:

Index,

Not Seasonally Adjusted

Frequency:

Monthly

Notes

Title	Release Dates

Future General Activity, Perceptions of Respondents for the Region; Diffusion Index for FRB - Philadelphia District	2015-04-21	2020-07-23
Future General Activity, Perceptions of Respondents for the Region; Diffusion Index for Federal Reserve District 3: Philadelphia	2020-07-24	2026-09-22

Source

Federal Reserve Bank of Philadelphia	2015-04-21	2026-09-22

Release

Nonmanufacturing Business Outlook Survey	2015-04-21	2026-09-22

Units

Index	2015-04-21	2026-09-22

Frequency

Monthly	2015-04-21	2026-09-22

Seasonal Adjustment

Not Seasonally Adjusted	2015-04-21	2026-09-22

Notes

Future General Activity, Perceptions of Respondents for the Region forecasts the change in general business activity for of the region based on perceptions of respondents over the next six months for reporting service firms. The General Business Activity is the broadest measure of the Nonmanufacturing Business Outlook Survey. The diffusion index is calculated by taking the percent reporting increases and subtracting the percentage reporting decreases. For more information about this release from the Federal Reserve Bank of Philadelphia, visit: http://www.philadelphiafed.org/research-and-data/regional-economy/nonmanufacturing-business-outlook-survey/ .	2015-04-21	2026-09-22

Future General Activity, Perceptions of Respondents for the Region; Diffusion Index for Federal Reserve District 3: Philadelphia (GARFBNDIF066MNFRBPHI)