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.

 

Note: Survey responses were collected between May 2 and May 9.

Download the full report pdf

Read this month's Supplemental Survey Report on Expected Selling Prices and Overall Inflation
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.

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2022

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