Philly Fed Nonmanufacturing Business Outlook Survey (June 2026): General Business Activity (Region): -25.8 (exp. -16.0, prev. -23.6)

Current Indicators

• General Business Activity (Region): -25.8 (prev. -23.6)
• General Business Activity (Firm): 2.4 (prev. -3.8)
• New Orders: -0.7 (prev. -0.8)
• Sales/Revenues: 19.6 (prev. -7.6)
• Unfilled Orders: 1.0 (prev. 1.7)
• Inventories: -1.2 (prev. -1.2)
• Prices Paid: 25.8 (prev. 36.5)
• Prices Received: 20.2 (prev. 13.1)
• Number of Employees – Full-Time Permanent: -4.8 (prev. -1.1)
• Number of Employees – Part-Time, Temporary & Contract: 0.1 (prev. 5.4)
• Average Employee Workweek: 0.3 (prev. 1.7)
• Wage & Benefit Costs: 39.7 (prev. 33.7)
• Capital Expenditures – Physical Plant: 4.9 (prev. 14.5)
• Capital Expenditures – Equipment & Software: 15.0 (prev. 6.0)

Forward-Looking Indicators (6-Month Expectations)

• General Business Activity (Region): -10.5 (prev. -9.6)
• General Business Activity (Firm): -0.3 (prev. 14.4)