Help Us Track Economic Conditions by
Participating in the Business Leaders Survey
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Empire State Manufacturing Survey

If you are a business leader in New York State, New Jersey or Connecticut, we invite you to participate in our regional survey. The information you provide as a survey panelist is a valuable public service.

As part of our mission at the Federal Reserve Bank of New York, we collect and disseminate information about regional economic conditions in a frequent and timely fashion.

Results from our three surveys serve as economic indicators, helping us track regional economic conditions, and are used to inform our monetary policy decisions.

Business Leaders Survey
Firm Information
Name of Firm: John Doe
Industry: Electric Power Generation, Transmission and Distribution
Business Address: 123 Main Street
Any City NY 10045
Respondent Information
Name: John Doe Phone:
Title: CEO E-mail Address: john.doe@company.org
In answering the following questions, please try to factor out normal seasonal patterns.
If you are associated with more than one business, answer with respect to the largest.
Much Worse than Usual Somewhat Worse than Usual About Normal Somewhat Better than Usual Much Better than Usual
1. How would you rate the current business climate for this time of year?
Worsen a Lot Worsen Somewhat Remain the Same Improve Somewhat Improve a Lot
2. Over the next 6 months, I expect the business climate to...
Declined a Lot Declined Somewhat Remained the Same Increased Somewhat Increased a Lot
3. In the past month, business activity at this company has...
Decline a Lot Decline Somewhat Remain the Same Increase Somewhat Increase a Lot
4. Over the next 6 months, I expect business activity at this company to...
For the measures below, please assess how each has changed over the past 3 months and how you expect each to change over the next 6 months. Over the past three months Over the next six months (expected)
Declined a Lot Declined Somewhat Remained the Same Increased Somewhat Increased a Lot Decline a Lot Decline Somewhat Remain the Same Increase Somewhat Increase a Lot
5. Employment at this company
6. Wages paid to this company's average worker
7. Prices our business pays for goods & services
8. Our company's selling prices
9. Our company's capital/investment spending
Supplementary Questions
Decrease(d)
a lot		 Decrease(d)
a little		 Remain(ed)
the same		 Increase(d)
a little		 Increase(d)
a lot
1a) How do you expect your firm's cash balances to change over the next 12 months?
1b) How do you expect your firm's debt levels to change over the next 12 months?
1c) How have your firm's debt levels changed over the past 12 months?
2) How would you describe your current cash balances, relative to your level of business activity?
Much higher than usual
Somewhat higher than usual
At about the usual level
Somewhat lower than usual
Much lower than usual
3) How do you expect to finance capital spending over the next 12 months?
Please estimate your expected proportion for each category (must total 100%).
Cash %
Debt %
Equity %
Leasing of Equipment %
Total %
Comments
Please comment on any business-related issues.
Please check all your answers [these will be submitted as your final answers and you will not be asked to verify them] and then click "SUBMIT".

Contact Information
If you have questions on becoming a survey panelist, please contact the economist who manages our surveys, Richard Deitz (716-849-5025 / richard.deitz@ny.frb.org)
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