Current General Activity, Perceptions of Respondents for their Firm; Percent of Respondents Reporting Decreases for Federal Reserve District 3: Philadelphia
GABNDEC156MSFRBPHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.40
Year-over-Year Change
-25.95%
Date Range
3/1/2011 - 8/1/2025
Summary
This economic trend measures the percentage of Philadelphia-area businesses reporting decreases in their current general activity. It provides insight into the local economic climate and can signal broader regional or national trends.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Current General Activity, Perceptions of Respondents for their Firm indicator tracks the share of businesses in the Federal Reserve's Third District (which includes Philadelphia) that report decreases in their overall activity. This metric offers a real-time snapshot of current business conditions in the region.
Methodology
The data is collected through the monthly Business Outlook Survey conducted by the Federal Reserve Bank of Philadelphia.
Historical Context
This indicator is closely watched by policymakers, analysts, and businesses to gauge the health of the regional economy.
Key Facts
- The survey has been conducted monthly since 1968.
- The indicator ranges from 0% to 100%, with higher values signaling more widespread decreases.
- The Third Federal Reserve District includes eastern Pennsylvania, southern New Jersey, and Delaware.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the percentage of businesses in the Philadelphia region that report decreases in their current general activity or operations.
Q: Why is this trend relevant for users or analysts?
A: The Current General Activity metric provides a timely, first-hand gauge of business conditions in the Third Federal Reserve District, which can signal broader economic trends.
Q: How is this data collected or calculated?
A: The data is gathered through the monthly Business Outlook Survey conducted by the Federal Reserve Bank of Philadelphia.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and businesses closely monitor this indicator to assess the health of the regional economy and inform decision-making.
Q: Are there update delays or limitations?
A: The data is published monthly with no major update delays, providing a current snapshot of regional business conditions.
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Citation
U.S. Federal Reserve, Current General Activity, Perceptions of Respondents for their Firm; Percent of Respondents Reporting Decreases for Federal Reserve District 3: Philadelphia (GABNDEC156MSFRBPHI), retrieved from FRED.