Chamber of Commerce for Greater Philadelphia Economic Outlook Survey

According to a Federal Reserve Bank of Philadelphia survey, 33 percent of Chamber of Commerce for Greater Philadelphia members expected that business conditions will improve in 2025, compared with 29 percent of members who expected business conditions will get worse.

The 15th annual survey was conducted November 7–25, 2024. The survey also found:

• Fifty-eight percent of members said they saw prices paid increase in 2024 compared with 2023. This share notably decreased from 2023, when 77 percent of members said they paid higher prices relative to 2022.

• Members’ most common problems were labor costs, financing and interest rates, and poor sales. In addition, 24 percent of members said that uncertainty about regulations and government policy has been a problem for them.

For more information, visit the Chamber of Commerce for Greater Philadelphia’s website.