US 5th District Services Show Moderate Improvement

2025-08-26 14:15 By Dongting Liu 1 min. read

The Fifth District Survey of Service Sector Activity indicated modest improvement in August 2025, according to the Richmond Fed.

The revenues index inched up to 4 from 2 in July, while the demand index rose to 13 from 5.

Expectations for future revenues and demand advanced further into positive territory.

Local business conditions improved slightly, with the current index climbing to 6 from -8, and the future index rising to 11 from 6.

Employment conditions were mixed, as the current employment index edged down to -1 from 0, while the future employment index increased sharply to 20 from 4.

The wages index rose to 24, with firms continuing to expect wage growth over the next six months.

On the price front, the growth rate of prices paid remained stable, while prices received rose modestly.

Firms anticipate little change in the rate of price increases for their own goods and services over the next year.



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