Nonmanufacturing Business Outlook Survey
The Nonmanufacturing Business Outlook Survey (NBOS) 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 assessments of general business conditions over the next six months. The survey has been conducted each month since March 2011.
Recent Releases
Last updated: June 24, 2025, 8:30 AM EST
- June 2025 Nonmanufacturing Business Outlook Survey
- May 2025 Nonmanufacturing Business Outlook Survey
- April 2025 Nonmanufacturing Business Outlook Survey
- March 2025 Nonmanufacturing Business Outlook Survey
- February 2025 Nonmanufacturing Business Outlook Survey
- January 2025 Nonmanufacturing Business Outlook Survey
- Nonmanufacturing Business Outlook Survey – Seasonal Adjustment Revisions for 2025
RELEASE ARCHIVE
Resources
Introducing the Philadelphia Fed Nonmanufacturing Survey, Business Review, Third Quarter 2014 .
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