NY Federal Reserve: Pace of Business Decline Slows
- The New York State Broadcasters Association
- 6 days ago
- 1 min read
Every month, the NY Fed issues a report regarding business activity in the services sector. Its report for April concluded:
“Business activity continued to decline in the region's service sector in April, though the pace of contraction eased somewhat, according to firms responding to the Federal Reserve Bank of New York’s Business Leaders Survey. The survey's headline business activity index rose nine points to -14.0. The business climate index ticked down three points to -49.3, suggesting the business climate remained much worse than normal. Employment edged slightly lower and supply availability worsened significantly. The pace of input price increases accelerated sharply, while selling price increases picked up modestly. Looking ahead, firms expect little improvement in the next six months.”
The New York Federal Reserve website contains an abundance of economic related information that may help you plan for the months ahead.
The full report for April can be found here.
