08:43 AM EDT, 09/23/2025 (MT Newswires) -- The Philadelphia Federal Reserve Bank's monthly nonmanufacturing activity index rose to minus 12.3 in September from minus 17.5 in the previous month, indicating slower contraction in the sector.

The readings for employment and sales index both increased in the month, while the new orders and prices paid reading both decreased.

The six-month outlooks at both the regional and firm levels declined, with 28.4% of respondents expecting expansion in the region over the next six months compared with 36.8% that expect contraction.