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Nonmanufacturing Business Outlook Survey

The Nonmanufacturing Business Outlook Survey is a monthly survey of nonmanufacturers in the Third Federal Reserve District. Participants indicate the direction of change in overall business activity and in the various measures of activity at their firms, including new orders, sales or revenues, employment, prices, and capital expenditures. Respondents also provide their assessment of general business conditions over the next six months. The survey has been conducted each month since March 2011.

Recent Releases Last update: December 20, 2016, 8:30 a.m. ET


Historical Data

Historical monthly data for all of the Nonmanufacturing Business Outlook Survey diffusion indexes and aggregate proportions series (percentages of firms reporting increases, decreases, and no change) are available in a single Excel file. The data are available from March 2011 to the most current release month.  As of the January 2016 release, the historical data file includes seasonally adjusted data as well as unadjusted data. Data series definitions are outlined in the "nbos_definitions.txt" file. Please note that the data in the Excel sheets have been formatted to display values to the tenths place.



For questions about the Nonmanufacturing Business Outlook Survey release or to report a problem with a file, contact Public Affairs at 215-574-6113.

Archived Surveys

View previous releases of
the Nonmanufacturing Business Outlook Survey going back to September 2014.

Note: PDFs for September 2014 through October 2015 include incorrect data for the future activity indexes.

All surveys are in PDF format.