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NY Fed Business Leader Survey: “A Bit Better Than Normal”

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Activity in the region’s service sector continued to expand modestly, according to firms responding to the Federal Reserve Bank of New York’s April 2017 Business Leaders Survey.

  • The survey’s headline business activity index advanced four points to 6.7
  • The business climate index edged above zero, signaling that respondents viewed the business climate as slightly better than normal
  • The employment index slipped five points to 4.9, suggesting some slowing in net hiring activity
  • The wages index eased slightly but remained well in positive territory, indicating steady and moderate wage growth
  • The prices paid index was little changed at 44.1
  • The prices received index held steady at 17.6, pointing to steady growth in both input and selling prices

Read more of the Federal Reserve Bank of New York report

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