US 5th District Service Sector Contracts For 4th Month

EthereumCraftsman · 2026-02-24T15:10:18+00:00

The Fifth District Service Sector Survey revealed a monthly contraction in activity for February 2026, with declines in revenue and demand indices. Despite current challenges, future expectations for revenues and demand remain positive.

EthereumCraftsman

2026-02-24 15:10:18

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The Fifth District Service Sector Survey indicated a fourth consecutive monthly contraction in activity in February 2026, marking the steepest decline in the current stretch, according to the Federal Reserve Bank of Richmond. The revenues index decreased to -8 from -3 and the demand index decreased to -3 from 2. Expectations for future revenues (35 vs 34) and demand (28 vs 32) remained firmly in positive territory. The local business conditions index edged down to -10 in February from -6 in January, while the future local business conditions index rose to 16. The current employment index decreased to 0 in February from 5 in January, and the forward-looking employment index decreased to 15 from 20. The wages index inched down to 17 from 20 and firms continued to expect to increase wages over the next six months.

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