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Introducing the New York Innovation Center: Delivering a central bank innovation execution
Do you have a Freedom of Information request? Learn how to submit it.
See the world's largest accumulation of gold as you learn about the New York Fed and Federal Reserve System on a free tour.
The latest Annual Report chronicles the impact of Federal Reserve policies and includes data on the New York Fed's operations.
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The mission of the Applied Macroeconomics and Econometrics Center (AMEC) is to provide intellectual leadership in the central banking community in the fields of macro and applied econometrics.
The Center for Microeconomic Data offers wide-ranging data and analysis on the finances and economic expectations of U.S. households.
The monthly Empire State Manufacturing Survey tracks the sentiment of New York State manufacturing executives regarding business conditions.
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The Governance & Culture Reform hub is designed to foster discussion about corporate governance and the reform of culture and behavior in the financial services industry.
Need to file a report with the New York Fed? Here are all of the forms, instructions and other information related to regulatory and statistical reporting in one spot.
The New York Fed works to protect consumers as well as provides information and resources on how to avoid and report specific scams.
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The New York Fed provides a wide range of payment services for financial institutions and the U.S. government.
The New York Fed offers the Central Banking Seminar and several specialized courses for central bankers and financial supervisors.
The New York Fed has been working with tri-party repo market participants to make changes to improve the resiliency of the market to financial stress.
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We are connecting emerging solutions with funding in three areas—health, household financial stability, and climate—to improve life for underserved communities. Learn more by reading our strategy.
The Economic Inequality & Equitable Growth hub is a collection of research, analysis and convenings to help better understand economic inequality.
This Economist Spotlight Series is created for middle school and high school students to spark curiosity and interest in economics as an area of study and a future career.
The Governance & Culture Reform hub is designed to foster discussion about corporate governance and the reform of culture and behavior in the financial services industry.
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A monthly survey of service firms in New York State, northern New Jersey and southwestern Connecticut, conducted by the New York Fed.
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Note: Survey responses were collected between May 2 and May 9. Download the full report  Read this month's Supplemental Survey Report on Expected Selling Prices and Overall Inflation |
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Growth slowed in the region’s service sector, according to firms responding to the Federal Reserve Bank of New York’s May 2022 Business Leaders Survey. The survey’s headline business activity index fell thirteen points to 11.5. The business climate index moved down thirteen points to -27.1, indicating that firms generally viewed the business climate as worse than normal for this time of year. Employment levels continued to grow at a solid clip, and wage increases remained widespread. The prices paid index and the prices received index held at near record-high levels. Looking ahead, optimism continued to wane, with less than half of respondents expecting activity to increase over the next six months.
Growth Slows
Business activity in the region’s service sector continued to expand, but at a slower pace than last month, according to the May survey. The headline business activity index fell thirteen points to 11.5, its lowest reading since February. Thirty-five percent of respondents reported that conditions improved over the month and 23 percent said that conditions worsened. The business climate index fell thirteen points to -27.1, indicating that on net, firms continued to view the business climate as worse than normal. Firms Adding Workers at a Solid Clip
The employment index held steady at 18.3, pointing to a solid increase in employment levels. The wages index was little changed at 52.9, signaling another month of strong wage growth. Input and selling price increases remained near record levels. The prices paid index was unchanged at 86.4, and the prices received index came in at 47.4. The capital spending index dipped to 6.3. Optimism Wanes
While firms generally expected conditions to improve over the next six months, optimism waned for a third consecutive month. The index for future business activity fell eleven points to 18.8, its lowest reading in well over a year. Strong gains in employment, wages, and prices are expected in the months ahead. 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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Historical Reports >>
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Latest Report including charts of diffusion indexes Historical Tables |
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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. Contacts |
