Skip to Main Content

Fifth District Survey of Service Sector Activity

June 24, 2025

Fifth District service sector activity remained soft in June, according to the most recent survey by the Federal Reserve Bank of Richmond. The revenues index increased from −11 to −4 and the demand index ticked up from −8 to −7 in June. The indexes for future revenues and demand increased notably to 20 and 13, respectively.

The local business conditions index edged up from −18 in May to −16 in June. The future local business conditions index remained in negative territory but improved from −18 to −11 in June.

The current employment index increased from 0 to 3 in June, and the forward-looking index edged up from 11 to 14. The wages index ticked down to 19 and firms continued to expect to increase wages over the next six months.

The average growth rates of prices paid and prices received increased slightly in June. Firms expected little change in price growth over the next 12 months.

Read Full Report
Download Current and Historical Data

Past Reports

Subscribe to Economic Data

Receive an email notification when regional surveys and reports are posted online:

Subscribe to Economic Data

By submitting this form you agree to the Bank's Terms & Conditions and Privacy Notice.

Contact Icon Contact Us