Philly Fed Nonmanufacturing Business Outlook Survey (July 2026): Regional General Activity: 7.4 (prev. -25.8)
The July 2026 Philly Fed Nonmanufacturing survey shows a sharp turnaround in regional activity, with significant gains in new orders, hiring, and future business expectations.
News detail
Current Indicators Regional General Activity: 7.4 (prev. -25.8) Firm-Level General Activity: 17.5 (prev. 2.4) New Orders: 12.5 (prev. -0.7) Sales/Revenues: 23.5 (prev. 19.6) Unfilled Orders: 5.7 (prev. 1.0) Inventories: -3.8 (prev. -1.2) Prices Paid: 28.2 (prev. 25.8) Prices Received: 18.4 (prev. 20.2) Full-Time Employment: 12.4 (prev. -4.8) Part-Time Employment: 12.1 (prev. 0.1) Average Employee Workweek: 10.8 (prev. 0.3) Wage & Benefit Costs: 37.1 (prev. 39.7) Capital Expenditures – Physical Plant: 14.1 (prev. 4.9) Capital Expenditures – Equipment & Software: 30.8 (prev. 15.0) Forward-Looking Indicators Future Firm-Level General Activity: 41.9 (prev. -0.3) Future Regional General Activity: 15.7 (prev. -10.5)
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