The Philadelphia Fed’s Nonmanufacturing Business Outlook Survey rose to 22.0 in September, a sharp reversal from August’s -8.2 reading. This dramatic swing into positive territory signals renewed optimism among regional services businesses. The survey covers firms in healthcare, retail, logistics, restaurants, and professional services across Delaware, southern New Jersey, and eastern and central Pennsylvania. The 22.0 reading follows a volatile stretch that included July’s 17.5 and August’s -8.2, suggesting the August contraction did not persist into September.
Source: Read the original article
