Observations

Sep 2026: -2.2

Updated: Sep 22, 2026 7:37 AM CDT

Units:

Index,

Seasonally Adjusted

Frequency:

Monthly

Notes

Title	Release Dates

Current New Orders; Diffusion Index for FRB - Philadelphia District	2019-09-24	2020-07-23
Current New Orders; Diffusion Index for Federal Reserve District 3: Philadelphia	2020-07-24	2026-09-22

Source

Federal Reserve Bank of Philadelphia	2019-09-24	2026-09-22

Release

Nonmanufacturing Business Outlook Survey	2019-09-24	2026-09-22

Units

Index	2019-09-24	2026-09-22

Frequency

Monthly	2019-09-24	2026-09-22

Seasonal Adjustment

Seasonally Adjusted	2019-09-24	2026-09-22

Notes

Current New Orders reports the change in new orders compared to the previous month for reporting service firms. 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	2026-09-22

Current New Orders; Diffusion Index for Federal Reserve District 3: Philadelphia (NOBNDIF066MSFRBPHI)