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Introducing the New York Innovation Center: Delivering a central bank innovation execution
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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.
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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 June 2 and June 9. Download the full report  |
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Growth stalled in the region’s service sector, according to firms responding to the Federal Reserve Bank of New York’s June 2022 Business Leaders Survey. The survey’s headline business activity index fell nine points to 2.2. The business climate index also fell, moving down nine points to -36.2, 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 reached a new record high, and the prices received index remained near its recent peak. Looking ahead, optimism continued to wane, with firms turning pessimistic about the expected future business climate.
Activity Flat
After three months of growth, business activity in the region’s service sector leveled off, according to the June survey. The headline business activity index fell nine points to 2.2, its lowest reading since February. Twenty-nine percent of respondents reported that conditions improved over the month and 27 percent said that conditions worsened. The business climate index fell nine points to -36.2, its lowest reading since March 2021, indicating that on net, firms continued to view the business climate as worse than normal. Ongoing Solid Gains in Employment and Wages
The employment index held steady at 18.1, pointing to a solid increase in employment levels. At 55.4, the wages index was little changed, signaling another month of strong wage growth. The prices paid index rose to a record high of 89.3, and the prices received index was little changed at 45.1, indicating that prices continued to rise at a steep pace. The capital spending index held steady at 6.9. Firms Pessimistic about Future Business Climate
Optimism about the six-month outlook continued to wane. The index for future business activity fell six points to 12.9. The index for future business climate slumped twenty points to -21.3, its lowest level since 2020, indicating that firms expect the business climate to remain worse than normal. 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 |
