The Federal Reserve Bank of Philadelphia published results from its annual survey of Chamber of Commerce for Greater Philadelphia members, indicating that businesses expect mixed economic conditions in 2026. While 56% of respondents anticipate improvement in activity for their own firms, views on overall regional business conditions are divided, with 39% expecting improvement and 37% expecting a decline. The survey, conducted November 6–24, 2025, found that uncertainty about regulations and government policies is the most frequently cited current concern, named by nearly 58% of respondents as one of their top three problems. Looking back at 2025 versus 2024, 22% reported an increase in regional economic activity while 48% saw a decline; on prices, 56% reported higher prices paid in 2025 and 63% anticipate price increases in 2026. About 76% reported currently using artificial intelligence, and most AI users said it has not affected their labor demand.
Federal Reserve Bank of Philadelphia 2026-01-14
Federal Reserve Bank of Philadelphia survey finds 56% of Greater Philadelphia firms expect growth in 2026 as regional outlook splits
The Federal Reserve Bank of Philadelphia's annual survey of Chamber of Commerce for Greater Philadelphia members reveals mixed economic expectations for 2026, with 56% of businesses anticipating improved activity for their firms but divided views on regional conditions. Key concerns include regulatory uncertainty, cited by 58% as a top issue, and anticipated price increases, while 76% of respondents currently use artificial intelligence, which has not significantly impacted labor demand.