The Richmond Fed Fifth District Service Sector Survey was flat in September 2026, with the revenues index rising to 0 from -8, while the demand index inched down to 2 from 3. Current business conditions improved, with the local business conditions index rising to -8 in September from -12 in August, while the future conditions index fell to 0 from 9. The current employment index fell to 2 in September from 8 in August, while the forward-looking employment index edged lower but remained positive. On prices, the average growth rate of prices paid decreased somewhat in September, while prices received increased a bit. Over the next 12 months, firms expected growth in prices paid to remain broadly stable, while anticipating a slight moderation in prices received. Looking ahead, firms remained relatively optimistic, as expectations for future revenues, demand and local conditions stayed firmly positive. source: Federal Reserve Bank of Richmond

Richmond Fed Services Index in the United States increased to 0 points in September from -8 points in August of 2026. Richmond Fed Services Index in the United States averaged 5.91 points from 1993 until 2026, reaching an all time high of 33.00 points in November of 1997 and a record low of -87.00 points in April of 2020. This page includes a chart with historical data for the United States Richmond Fed Services Index. United States Richmond Fed Services Revenues Index - data, historical chart, forecasts and calendar of releases - was last updated on October of 2026.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-08-25 02:00 PM
Richmond Fed Services Revenues Index
Aug -8 -3 -1
2026-09-22 02:00 PM
Richmond Fed Services Revenues Index
Sep 0 -8 -6
2026-10-27 02:00 PM
Richmond Fed Services Revenues Index
Oct 0


Related Last Previous Unit Reference
Dallas Fed Services Index -1.80 4.20 points Sep 2026
NY Fed Services Activity Index -8.70 0.50 points Sep 2026
Richmond Fed Manufacturing Index -2.00 4.00 points Sep 2026
Richmond Fed Manufacturing Shipments Index -5.00 11.00 points Sep 2026
Richmond Fed Services Index 0.00 -8.00 points Sep 2026


United States Richmond Fed Services Revenues Index
The data come from the Fifth District Survey of Service Sector Activity. Respondents to the survey are firms located within the Fifth Federal Reserve District which includes the District of Columbia, Maryland, North Carolina, South Carolina, Virginia, and most of West Virginia. Respondents indicate whether measures of activity rose, were unchanged, or decreased since the last survey. The responses are converted into diffusion indexes by subtracting the percentage of reported decreases from the percentage of increases.
Actual Previous Highest Lowest Dates Unit Frequency
0.00 -8.00 33.00 -87.00 1993 - 2026 points Monthly
SA

News Stream
US Fifth District Services Index Flat in September
The Richmond Fed Fifth District Service Sector Survey was flat in September 2026, with the revenues index rising to 0 from -8, while the demand index inched down to 2 from 3. Current business conditions improved, with the local business conditions index rising to -8 in September from -12 in August, while the future conditions index fell to 0 from 9. The current employment index fell to 2 in September from 8 in August, while the forward-looking employment index edged lower but remained positive. On prices, the average growth rate of prices paid decreased somewhat in September, while prices received increased a bit. Over the next 12 months, firms expected growth in prices paid to remain broadly stable, while anticipating a slight moderation in prices received. Looking ahead, firms remained relatively optimistic, as expectations for future revenues, demand and local conditions stayed firmly positive.
2026-09-22
US Fifth District Services Activity Slowed in August
Activity in the US Fifth District’s service sector weakened somewhat in August, with the revenues index declining to -8 from -3 in July, while the demand measure eased to 3 from 5. Local business conditions also deteriorated (-12 from -5). The current employment index rose to 8 from 4, while expectations for future hiring remained strong. Wage growth also continued, according to both current and forward-looking measures. Meanwhile, price pressures showed some renewed momentum. The pace of increase in prices paid by firms accelerated slightly, while prices received also continued to rise. Businesses nevertheless expect input price growth to moderate over the coming year, although they anticipate little change in the pace of price increases charged to customers. Looking ahead, firms remained relatively optimistic, as expectations for future revenues, demand and local conditions stayed firmly positive.
2026-08-25
Richmond Fed Services Index Remains Flat in July
The Richmond Fed Fifth District Service Sector Survey was broadly unchanged in July 2026, marking a second consecutive month of flat activity. The revenues index slipped to -3 from 0, while the demand index edged up to 5 from 4. Current local business conditions improved slightly to -5 from -7, although expectations weakened, with the future business conditions index falling to 9 from 16. Employment growth moderated, as the current employment index declined to 4 from 8, while the forward-looking employment gauge was little changed at 23, pointing to continued hiring plans. Wage growth remained firm, with both current and expected wage indexes staying in positive territory. Price pressures eased slightly, as the growth rate of prices paid slowed, while prices received rose marginally. Firms expect both measures to moderate further over the next 12 months.
2026-07-28