September 22, 2020 — Nonmanufacturing firms reported continued signs of improvement in regional nonmanufacturing activity this month, according to results from the Nonmanufacturing Business Outlook Survey. The diffusion index for current general activity at the firm level rose from 17.9 in August to 20.4 in September, its fourth consecutive positive reading since reaching record lows in the spring. Both future activity indexes suggest more widespread optimism about growth over the next six months. Read the report.
September 21, 2020 — This special report provides a survey of recent activity in the market for mortgage refinances and estimates the number of refinance candidates remaining to be over 17 million, based on the most recent data available. Read the Report.
September 21, 2020 — In this issue: How state governments are balancing their budgets during the coronavirus recession; estimating real GDP growth in real time during a pandemic; how the pandemic is affecting personal and business bankruptcy filings in the Third District and beyond; using cellphone data to track changing travel patterns during COVID-19; and understanding why local banks don't make more CRE loans in Philly. Read our latest Economic Insights.
September 21, 2020 — The Federal Reserve Bank of Philadelphia today announced the appointments of Elizabeth D. Albano, president and CEO of Artisans’ Bank, and Jon P. Conklin, president and CEO of Woodlands Bank, to its Community Depository Institutions Advisory Council (CDIAC). The CDIAC is a 12-member council composed of representatives from commercial banks, thrift institutions, and credit unions. Read the press release.
September 17, 2020 — The Federal Reserve Bank of Philadelphia has released its weekly labor market information for Delaware, New Jersey, and Pennsylvania. Read the report.
September 17, 2020 — 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 9/12/2020.