Release · 2026-09-22 to 2026-09-22

Philly Fed services firm activity rose to 0.3 in September

The Federal Reserve Bank of Philadelphia said Third District nonmanufacturing activity was mostly steady in September. The firm-level general activity diffusion index rose to 0.3 from -8.2 in August. New orders were -2.2 after -10.1. Sales or revenues were 6.8 after 7.9. The regional general activity index fell to -22.0 from -10.6. The future firm-level general activity index rose to 20.3 from 12.4.

Firm-level general activity index: 0.3 2026-09 · prior -8.2 (2026-08)
New orders index: -2.2 2026-09 · prior -10.1 (2026-08)
Sales or revenues index: 6.8 2026-09 · prior 7.9 (2026-08)
Regional general activity index: -22.0 2026-09 · prior -10.6 (2026-08)
Future firm-level general activity index: 20.3 2026-09 · prior 12.4 (2026-08)

Philly Fed firm-level general activity index. Federal Reserve Bank of Philadelphia NBOS, August–September 2026. Share card.

Source: Nonmanufacturing Business Outlook Survey, September 2026 — Federal Reserve Bank of Philadelphia.

all 5 figures found at the source

found Firm-level general activity index = 0.3 — at Federal Reserve Bank of Philadelphia
found New orders index = -2.2 — at Federal Reserve Bank of Philadelphia
found Sales or revenues index = 6.8 — at Federal Reserve Bank of Philadelphia
found Regional general activity index = -22.0 — at Federal Reserve Bank of Philadelphia
found Future firm-level general activity index = 20.3 — at Federal Reserve Bank of Philadelphia

Researched by Grok, checked against each source by an automated pass, edited by Clem Ziroli III. Published Sep 22, 2026.

This page is one print. The daily brief for September 22, 2026 is the editor's cut of what mattered that day. Figures are as the named sources printed them. The methodology says how this page is made and what is checked.