October 22, 2019 — Responses to the October Nonmanufacturing Business Outlook Survey suggest continued expansion of nonmanufacturing activity in the region. However, the diffusion index for current general activity at the firm level fell 21 points to 8.7 in October. Both future activity indexes suggest that firms anticipate continued growth over the next six months. Read the report.
October 17, 2019 — The Federal Reserve Bank of Philadelphia’s Real-Time Data Research Center has updated the ADS business conditions index with information on initial jobless claims for the week ending 10/12/2019 and industrial production for September 2019.
October 17, 2019 — Manufacturing activity in the region continued to grow, according to results from the October Manufacturing Business Outlook Survey. The diffusion index for current general activity remained positive but fell 6 points this month to 5.6. The survey’s future activity indexes remained positive, suggesting continued optimism about growth for the next six months. Read the report.
October 16, 2019 — On balance, business activity in the Third District continued at a modest pace of growth during the current Beige Book period. Further labor market tightening caused “acute pressure,” described as increased hiring difficulty, constrained growth, and higher wages. Still, wages grew moderately and prices rose modestly overall. Most firms expressed a positive outlook, with ongoing caution amid heightened uncertainty. Read the national summary. Read the Philadelphia summary.
October 10, 2019 — The South Jersey Business Survey for the third quarter of 2019 has been released. The survey is based on responses from members of the Chamber of Commerce Southern New Jersey. Read the report.
October 4, 2019 — Unemployment rates for September are expected to decrease in New Jersey and remain unchanged in Pennsylvania and Delaware, according to the Federal Reserve Bank of Philadelphia’s nowcasts. Read the report.