Business Leaders Survey

A monthly survey of service firms in New York State, northern New Jersey and southwestern Connecticut, conducted by the New York Fed.

 

Download the full report pdf
Read this month's Supplemental Survey Report on expected changes in workforce & wages            
After declining last month, activity in the region’s service sector grew slightly, according to firms responding to the Federal Reserve Bank of New York’s November 2019 Business Leaders Survey. The survey’s headline business activity index climbed seven points to 2.9. The business climate index remained negative for a third consecutive month, indicating that, on balance, firms regarded the business climate as worse than normal. Employment levels held steady, and wages increased at their slowest pace in nearly two years. Input prices and selling prices increased at a slower pace than last month. Optimism about future conditions improved from October, though firms continued to express pessimism about the future business climate.

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Released at 8:30 a.m.

 

2019

JAN
FEB
MAR
APR
16   report PDF
19   report PDF
18   report PDF
16   report PDF
MAY
JUN
JUL
AUG
16   report PDF
18   report PDF
16    report PDF
16   report PDF
SEP
OCT
NOV
DEC
17   report PDF
16   report PDF
18   report PDF
17

2020

JAN
FEB
MAR
APR
16
19
17
16
MAY
JUN
JUL
AUG
18
16
16
18
SEP
OCT
NOV
DEC
16
16
17  
16

Historical Reports >>


Latest Report including charts of diffusion indexes PDF

Historical Tables

Diffusion Indexes
csv

Data definitions PDF 2 pages / 10 kb

All Data
csv

Data definitions PDF 2 pages / 10 kb

The Business Leaders Survey is a monthly survey conducted by the Federal Reserve Bank of New York that asks companies across its District - which includes New York State, Northern New Jersey, and Fairfield County, Connecticut - about recent and expected trends in key business indicators. This survey is designed to parallel the Empire State Manufacturing Survey, though it covers a wider geography and the questions are slightly different. Participants from the service sector respond to a questionnaire and report on a variety of indicators, both in terms of recent and expected changes. While January 2014 is the first published report, survey responses date back to September of 2004 and all historical data are available on our website.

The survey is sent on the first business day of each month to the same pool of about 150 business executives, usually the president or CEO, in the region's service sector. In a typical month, about 100 responses are received by around the tenth of the month when the survey closes.

For demonstration only:
Sample survey PDF 3 pages / 44 kb

Respondents come from a wide range of industries outside of the manufacturing sector, with the mix of respondents closely resembling the industry structure of the region.

The survey's headline index, general business activity, is a distinct question posed on the survey (as opposed to a composite of responses to other questions). Currently, no indexes are seasonally adjusted since none of the series exhibits stable seasonal patterns from a statistical perspective.

Contacts
Tech help: nyrsf.webteam@ny.frb.org

Questions about survey/data: richard.deitz@ny.frb.org or (716) 849-5025; jason.bram@ny.frb.org or (212) 720-5651


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