Observations

May 2025: -30.6

Updated: May 20, 2025 7:36 AM CDT

Units:

Index,

Seasonally Adjusted

Frequency:

Monthly

Notes

Title	Release Dates

Future General Activity, Perceptions of Respondents for the Region; Diffusion Index for FRB - Philadelphia District	2019-09-24	2020-07-23
Future General Activity, Perceptions of Respondents for the Region; Diffusion Index for Federal Reserve District 3: Philadelphia	2020-07-24	2025-05-20

Source

Federal Reserve Bank of Philadelphia	2019-09-24	2025-05-20

Release

Nonmanufacturing Business Outlook Survey	2019-09-24	2025-05-20

Units

Index	2019-09-24	2025-05-20

Frequency

Monthly	2019-09-24	2025-05-20

Seasonal Adjustment

Seasonally Adjusted	2019-09-24	2025-05-20

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 here. (https://www.philadelphiafed.org/research-and-data/regional-economy/nonmanufacturing-business-outlook-survey/)	2019-09-24	2025-05-20

Future General Activity, Perceptions of Respondents for the Region; Diffusion Index for Federal Reserve District 3: Philadelphia (GARFBNDIF066MSFRBPHI)