NY Fed: Business Outlook Continues Downward Trend

The New York Federal Reserve’s monthly survey of business leaders in the service sector continues to report a struggling economy.  According to the March survey:

Business activity continued to decline significantly in the region’s service sector in March, according to firms responding to the Federal Reserve Bank of New York’s Business Leaders Survey.  The survey’s headline business activity index was little changed at -22.6.  The business climate index fell five points to -46.2, suggesting the business climate remained much worse than normal.  Employment fell for a seventh consecutive month.  Supply availability worsened.  The pace of both input price increases and selling price increases was again little changed and remained elevated.  Looking ahead, firms were less optimistic about the outlook.

Again, this is just one quick “snapshot” based on responses from business leaders in the service sector.  It does not measure activity in all categories.  Nonetheless, the report contains a tremendous amount of data that may help you with sales.

You can access the full report here.