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 job vacancies, hiring and wages

Activity in the region’s service sector continued to grow at a solid pace, according to firms responding to the Federal Reserve Bank of New York’s February 2018 Business Leaders Survey. The survey’s headline business activity index edged down two points but remained firmly positive at 15.9. The business climate index rose five points to 21.1, a record high, signaling that firms, on balance, regarded the business climate as better than normal. The employment index moved up five points to 15.5, indicating that employment continued to increase moderately. The wages index climbed five points to 41.7, its highest level in more than a year, suggesting that wage growth accelerated. The indexes for input prices and selling prices both reached multiyear highs, a sign that price increases accelerated. Indexes for the six-month outlook suggested that firms were very optimistic about future conditions.

More »


Released at 8:30 a.m.

 

2018

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

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


Tools
Related New York Fed Content