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Fifth District Survey of Non-Manufacturing Activity: Revenues: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Richmond FED - Monthly

Latest updates. According to survey data about nonmanufacturing firms collected by the Federal Reserve Bank of Richmond, the seasonally unadjusted diffusion index for revenues (share of CEOs seeing a recent increase minus share reporting a decrease) was 0.0 in September 2026, versus -8.0 in the previous month.

Sample. There are 395 data points in the monthly time series shown in the chart above. The time span covered by the series extends from November 1993 to September 2026.

History. Here's a glimpse of some statistics computed on the entire sample: the diffusion index reached its minimum of -68.0 in April 2020; it attained a maximum of 42.0 in April 2019; it had a mean value of 5.9.

Latest values

Date Value - Percentage points
2026-07-31 0
2026-08-31 -8.00000
2026-09-30 0

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Series Metadata

Field Value
Description Diffusion index for the question: Did revenues increase or decrease in the past month?
Country United States
Economic concept Business survey response
Data type Coincident indicator of the business cycle
Deflation method Not applicable
Seasonally adjusted No
Rescaling None
Frequency Monthly
Unit Percentage points
Source Federal Reserve Bank of Richmond
Source type Central bank
Data licence Not copyrightable under U.S. law
Measure type Diffusion index (share of respondents reporting an increase minus share reporting a decrease)
Other information Not available

Series in the same data set

Discover the other time series included in this data set.

Current conditions SA

Series Name Observations Start Date End Date
Fifth District Survey of Non-Manufacturing Activity: Local business conditions: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Richmond FED - Monthly 190 2010-12-31 2026-09-30
Fifth District Survey of Non-Manufacturing Activity: Demand: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Richmond FED - Monthly 190 2010-12-31 2026-09-30
Fifth District Survey of Non-Manufacturing Activity: Revenues: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Richmond FED - Monthly 395 1993-11-30 2026-09-30
Fifth District Survey of Non-Manufacturing Activity: Number of employees: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Richmond FED - Monthly 395 1993-11-30 2026-09-30
Fifth District Survey of Non-Manufacturing Activity: Average employee workweek: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Richmond FED - Monthly 138 2010-12-31 2022-05-31
Fifth District Survey of Non-Manufacturing Activity: Capital expenditures: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Richmond FED - Monthly 190 2010-12-31 2026-09-30
Fifth District Survey of Non-Manufacturing Activity: Average wages: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Richmond FED - Monthly 395 1993-11-30 2026-09-30
Fifth District Survey of Non-Manufacturing Activity: Availability of skills needed: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Richmond FED - Monthly 190 2010-12-31 2026-09-30
Fifth District Survey of Non-Manufacturing Activity: Equipment and software expenditures: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Richmond FED - Monthly 190 2010-12-31 2026-09-30
Fifth District Survey of Non-Manufacturing Activity: Business services expenditures: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Richmond FED - Monthly 190 2010-12-31 2026-09-30

Future conditions SA

Series Name Observations Start Date End Date
Fifth District Survey of Non-Manufacturing Activity: Local business conditions: Future (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Richmond FED - Monthly 190 2010-12-31 2026-09-30
Fifth District Survey of Non-Manufacturing Activity: Demand: Future (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Richmond FED - Monthly 395 1993-11-30 2026-09-30
Fifth District Survey of Non-Manufacturing Activity: Revenues: Future (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Richmond FED - Monthly 190 2010-12-31 2026-09-30
Fifth District Survey of Non-Manufacturing Activity: Number of employees: Future (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Richmond FED - Monthly 190 2010-12-31 2026-09-30
Fifth District Survey of Non-Manufacturing Activity: Average employee workweek: Future (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Richmond FED - Monthly 138 2010-12-31 2022-05-31
Fifth District Survey of Non-Manufacturing Activity: Capital expenditures: Future (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Richmond FED - Monthly 190 2010-12-31 2026-09-30
Fifth District Survey of Non-Manufacturing Activity: Average wages: Future (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Richmond FED - Monthly 190 2010-12-31 2026-09-30
Fifth District Survey of Non-Manufacturing Activity: Availability of skills needed: Future (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Richmond FED - Monthly 190 2010-12-31 2026-09-30
Fifth District Survey of Non-Manufacturing Activity: Equipment and software expenditures: Future (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Richmond FED - Monthly 190 2010-12-31 2026-09-30
Fifth District Survey of Non-Manufacturing Activity: Business services expenditures: Future (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Richmond FED - Monthly 190 2010-12-31 2026-09-30

Current conditions NSA

Series Name Observations Start Date End Date
Fifth District Survey of Non-Manufacturing Activity: Local business conditions: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Richmond FED - Monthly 190 2010-12-31 2026-09-30
Fifth District Survey of Non-Manufacturing Activity: Demand: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Richmond FED - Monthly 190 2010-12-31 2026-09-30
Fifth District Survey of Non-Manufacturing Activity: Revenues: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Richmond FED - Monthly 395 1993-11-30 2026-09-30
Fifth District Survey of Non-Manufacturing Activity: Number of employees: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Richmond FED - Monthly 395 1993-11-30 2026-09-30
Fifth District Survey of Non-Manufacturing Activity: Average employee workweek: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Richmond FED - Monthly 138 2010-12-31 2022-05-31
Fifth District Survey of Non-Manufacturing Activity: Capital expenditures: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Richmond FED - Monthly 190 2010-12-31 2026-09-30
Fifth District Survey of Non-Manufacturing Activity: Average wages: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Richmond FED - Monthly 395 1993-11-30 2026-09-30
Fifth District Survey of Non-Manufacturing Activity: Availability of skills needed: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Richmond FED - Monthly 190 2010-12-31 2026-09-30
Fifth District Survey of Non-Manufacturing Activity: Equipment and software expenditures: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Richmond FED - Monthly 190 2010-12-31 2026-09-30
Fifth District Survey of Non-Manufacturing Activity: Business services expenditures: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Richmond FED - Monthly 190 2010-12-31 2026-09-30
Fifth District Survey of Non-Manufacturing Activity: Prices received: Current (average percent change; per cent; seasonally unadjusted) - United States - Richmond FED - Monthly 395 1993-11-30 2026-09-30
Fifth District Survey of Non-Manufacturing Activity: Prices paid: Current (average percent change; per cent; seasonally unadjusted) - United States - Richmond FED - Monthly 190 2010-12-31 2026-09-30

Future conditions NSA

Series Name Observations Start Date End Date
Fifth District Survey of Non-Manufacturing Activity: Local business conditions: Future (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Richmond FED - Monthly 190 2010-12-31 2026-09-30
Fifth District Survey of Non-Manufacturing Activity: Demand: Future (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Richmond FED - Monthly 395 1993-11-30 2026-09-30
Fifth District Survey of Non-Manufacturing Activity: Revenues: Future (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Richmond FED - Monthly 190 2010-12-31 2026-09-30
Fifth District Survey of Non-Manufacturing Activity: Number of employees: Future (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Richmond FED - Monthly 190 2010-12-31 2026-09-30
Fifth District Survey of Non-Manufacturing Activity: Average employee workweek: Future (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Richmond FED - Monthly 138 2010-12-31 2022-05-31
Fifth District Survey of Non-Manufacturing Activity: Capital expenditures: Future (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Richmond FED - Monthly 190 2010-12-31 2026-09-30
Fifth District Survey of Non-Manufacturing Activity: Average wages: Future (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Richmond FED - Monthly 190 2010-12-31 2026-09-30
Fifth District Survey of Non-Manufacturing Activity: Availability of skills needed: Future (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Richmond FED - Monthly 190 2010-12-31 2026-09-30
Fifth District Survey of Non-Manufacturing Activity: Equipment and software expenditures: Future (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Richmond FED - Monthly 190 2010-12-31 2026-09-30
Fifth District Survey of Non-Manufacturing Activity: Business services expenditures: Future (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Richmond FED - Monthly 190 2010-12-31 2026-09-30
Fifth District Survey of Non-Manufacturing Activity: Prices received: Future (average percent change; per cent; seasonally unadjusted) - United States - Richmond FED - Monthly 395 1993-11-30 2026-09-30
Fifth District Survey of Non-Manufacturing Activity: Prices paid: Future (average percent change; per cent; seasonally unadjusted) - United States - Richmond FED - Monthly 190 2010-12-31 2026-09-30