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
Activity in the region’s service sector expanded modestly, according to firms responding to the Federal Reserve Bank of New York’s November 2018 Business Leaders Survey. The survey’s headline business activity index was little changed at 8.6. The business climate index moved down nine points to 12.9, a sign that firms, on balance, regarded the business climate as better than normal, though to a lesser extent than last month. Employment levels increased modestly, and wage increases continued, though they were somewhat less widespread than in October. The prices paid index remained elevated at 57.1, and the selling price index fell nine points to 19.5. Optimism waned, with the index for future business climate falling to zero for the first time in over a year.

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Released at 8:30 a.m.

 

2018

JAN
FEB
MAR
APR
17  report PDF
16  report PDF
16  report PDF
17  report PDF
MAY
JUN
JUL
AUG
16  report PDF
18  report PDF
17  report PDF
16   report PDF
SEP
OCT
NOV
DEC
18  report PDF
16  report PDF
16  report PDF
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2019

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APR
16 
19 
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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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