January 16, 2019 — Economic activity in the Third District maintained a modest pace of growth, although further slowing occurred among service sectors and some real estate activity declined. Lack of qualified labor continued to constrain hiring and raise wage pressures. Price increases remained modest. Nevertheless, firms remained generally positive about the six-month outlook. Read the national summary. Read the Philadelphia summary.
January 16, 2019 — Responses to the Philadelphia Fed's annual economic outlook survey of members of the Chamber of Commerce for Greater Philadelphia were mostly optimistic about regional business conditions in 2019. Read the press release.
January 15, 2019 — The Bank has released the annual revisions to the historical data that are generated by the Nonmanufacturing Business Outlook Survey, which asks nonmanufacturing executives in the Third District about business activity in their firms every month. In January of each year, the Bank revises the data after calculating new seasonal adjustment factors. Read the report.
January 10, 2019 — The South Jersey Business Survey for the fourth quarter of 2018 has been released. The survey is based on responses from members of the Chamber of Commerce Southern New Jersey. Read the report.
January 10, 2019 — The Federal Reserve Bank of Philadelphia announced the following appointments to its board of directors: Timothy Snyder, president and CEO of Fleetwood Bank, and Julia H. Klein, chairwoman and CEO of C.H. Briggs Company, Inc. The Bank also announced reappointments to its board chair and deputy chair positions. Read the press release.
January 10, 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 1/5/2019.