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The New York Innovation Center bridges the worlds of finance, technology, and innovation and generates insights into high-value central bank-related opportunities.
Do you have a request for information and records? Learn how to submit it.
Learn about the history of the New York Fed and central banking in the United States through articles, speeches, photos and video.
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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 Innovation Center bridges the worlds of finance, technology, and innovation and generates insights into high-value central bank-related opportunities.
The growing role of nonbank financial institutions, or NBFIs, in U.S. financial markets is a transformational trend with implications for monetary policy and financial stability.
The New York Fed offers the Central Banking Seminar and several specialized courses for central bankers and financial supervisors.
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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 January 2 and January 9. Download the full report 
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Business activity continued to decline significantly in the region’s service sector in January, according to firms responding to the Federal Reserve Bank of New York’s Business Leaders Survey. The survey’s headline business activity index edged up four points but remained negative at -16.1. The business climate index held well below zero at -34.4, suggesting the business climate remained worse than normal. Employment fell for a fifth consecutive month, and wage growth picked up but remained modest. Supply availability was little changed. Both input price increases and selling price increases slowed. Looking ahead, firms expect conditions over the next six months to improve only modestly.
Activity Continues to Contract
Business activity continued to fall substantially in the New York-Northern New Jersey region, according to the January survey. The headline business activity index came in at -16.1. Twenty percent of respondents reported that conditions improved over the month while 36 percent said that conditions worsened. The business climate index moved up ten points, but remained well below zero at -34.4, with 44 percent reporting an unfavorable business climate. Wage Increases Remain Modest
The employment index was little changed at -5.5, its fifth consecutive negative reading, suggesting employment continued to contract slightly. The wages index moved up six points to 30.0, a level pointing to ongoing modest wage increases. After reaching a three-year high last month, the prices paid index retreated eight points to 63.9, and the prices received index edged down three points to 27.6. The supply availability index came in at -3.2, suggesting little change in supply availability. Firms Somewhat Optimistic
The index for future business activity rose above zero for the first time since July of last year, but at 12.4, signaled that only a modest increase in activity is expected over the next six months. Employment and wage increases are expected to pick up in the months ahead. Capital spending plans remained soft. Contacts Tech help: nyrsf.webteam@ny.frb.org Questions about survey/data: richard.deitz@ny.frb.org or (716) 849-5025 |
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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 |
