United States Richmond Fed Services Index

Richmond Fed Services Index in the United States increased to 12 points in December from 8 points in November of 2021. Richmond Fed Services Index in the United States averaged 7.17 points from 1993 until 2021, reaching an all time high of 34 points in May of 2021 and a record low of -76 points in April of 2020. 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. This page includes a chart with historical data for the United States Richmond Fed Services Index.

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