New York Fed Services Index
US New York Fed business leaders services survey data points.
| Indicator | 09-2026 | 08-2026 | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | 10-2025 | 09-2025 | 08-2025 | 07-2025 | 06-2025 | 05-2025 | 04-2025 | 03-2025 | 02-2025 | 01-2025 | 12-2024 | 11-2024 | 10-2024 | 09-2024 | 08-2024 | 07-2024 | 06-2024 | 05-2024 | 04-2024 | 03-2024 | 02-2024 | 01-2024 | 12-2023 | 11-2023 | 10-2023 | 09-2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Month (Not Seasonally Adjusted)7 | ||||||||||||||||||||||||||||||||||||||
| Business Activity | -8.7 | 0.5 | 8.7 | -10.1 | -5.8 | -14 | -22.6 | -25.7 | -16.1 | -20 | -21.7 | -23.6 | -19.4 | -11.7 | -9.3 | -13.2 | -16.2 | -19.8 | -19.3 | -10.5 | -5.6 | -5.2 | -0.5 | -2.2 | 0.5 | 1.8 | -4.5 | -4.7 | 3 | -0.6 | 0.6 | -7.3 | -9.7 | -14.6 | -11.9 | -19.1 | -3 | |
| General Business Conditions | -35.9 | -25.7 | -24 | -37.3 | -46.9 | -49.3 | -46.2 | -41.7 | -34.4 | -44.2 | -42.2 | -42.9 | -40.7 | -39.3 | -34.6 | -48.3 | -51.7 | -60.7 | -51.7 | -35.6 | -21.8 | -23.7 | -21.5 | -26 | -23.3 | -25 | -25.4 | -23 | -25.6 | -19 | -26.4 | -24.2 | -30.3 | -38.4 | -37.1 | -35.9 | -27.4 | |
| Number of Employees | -4.9 | 2.4 | 4.3 | 11.2 | 1.9 | -2.4 | -8.5 | -9.7 | -5.5 | -7.4 | -8.6 | -5.2 | -2.9 | 1 | 3.8 | -2.5 | -0.5 | 1.3 | -4.7 | -5.7 | -1.5 | -1 | 5.1 | 4.4 | 3.1 | 7 | 12.4 | 9.4 | 3.5 | 2.3 | 0.6 | -0.6 | -6.5 | -1.2 | 3.8 | 8.9 | 3.6 | |
| Prices Paid | 69 | 70.1 | 66.7 | 72.6 | 73.4 | 73.8 | 62.5 | 62.6 | 63.9 | 72.1 | 61.9 | 66.4 | 63.2 | 64.3 | 64.5 | 66.5 | 58.5 | 57.6 | 58.8 | 51.3 | 48.5 | 47.7 | 46.2 | 47.8 | 45.3 | 50.3 | 48.6 | 50 | 57.6 | 53.4 | 55.1 | 50.6 | 45.2 | 46.9 | 55.1 | 53.8 | 56.4 | |
| Prices Received | 33.7 | 27.7 | 28.9 | 31.3 | 30.7 | 32.7 | 28.8 | 29.9 | 27.6 | 30.5 | 20.1 | 26.4 | 32.2 | 32 | 30.1 | 21 | 20.7 | 26 | 28.7 | 27.4 | 19.4 | 11.7 | 16.8 | 19 | 22.5 | 16 | 17.7 | 17.9 | 22.4 | 22.7 | 27.8 | 24.5 | 24.7 | 23.1 | 19.7 | 18.1 | 20.7 | |
| Supply Availability | -15.8 | -14.3 | -9.7 | -10.6 | -15.6 | -20 | -12.6 | -9.2 | -3.2 | -7.4 | -11.1 | -13.8 | -9.6 | -10.2 | -7.1 | -17.2 | -16 | -11.7 | -2.8 | -10.4 | 4.1 | 3.2 | 2.6 | -0.5 | 4.2 | 2.3 | 0 | 4.7 | 3.1 | 0.6 | 6.3 | 7.4 | 11.2 | 10.9 | 7.2 | 5.3 | 8 | |
| Capital Expenditures | -2.2 | 2 | 1 | 1.9 | 5.3 | 2.9 | -2.5 | -7.8 | -6.1 | -6.9 | -7.1 | -6.7 | 1.4 | -2.9 | -8.5 | -12.6 | -8.3 | -3.5 | -4.3 | -3.7 | 0 | 2.1 | 5.7 | 8.9 | 3.7 | 3 | -4.5 | -3.2 | 2.5 | 4 | -0.6 | 7.9 | 4.5 | 1.3 | 8.9 | 5.1 | 6.1 | |
| Six-Month Horizon (Not Seasonally Adjusted)7 | ||||||||||||||||||||||||||||||||||||||
| Business Activity | 5 | 9.3 | 23.2 | 8.3 | 10.2 | 2.9 | 12.7 | 17.5 | 12.4 | -1.1 | -4.6 | -3.4 | -5.8 | -6.8 | 3.7 | -9.3 | -28.1 | -26.6 | -3.3 | 21.6 | 30.3 | 28 | 23.7 | 17.3 | 15.2 | 8.7 | 8 | 15.7 | 20.6 | 31.3 | 29.8 | 30.1 | 24.5 | 12.2 | 1.9 | 1.9 | 13.9 | |
| General Business Conditions | -19 | -16.5 | 0 | -17.1 | -14 | -21.3 | -10.6 | -3.9 | -6.1 | -19.5 | -30.7 | -32.5 | -24.4 | -20.9 | -16.4 | -28.3 | -45.9 | -50 | -26.9 | -3.6 | 13.2 | 11.9 | 17.5 | 4.9 | -1.6 | -12.3 | -5.1 | -5.8 | 1.5 | 10.2 | 13.6 | 15.2 | 5.2 | -7.4 | -17 | -25.5 | -1.2 | |
| Number of Employees | 5 | 9.3 | 11.9 | 11 | 9.5 | 9.4 | 14.9 | 15.7 | 16.4 | 3.8 | 3.6 | 3.3 | 4.9 | 3.5 | 10.2 | 6.2 | -4.1 | -5.4 | 3.8 | 10.7 | 19.6 | 15.1 | 17.9 | 14.2 | 13.4 | 9.3 | 11.6 | 20.9 | 22.3 | 14.2 | 14.8 | 22.1 | 24.2 | 18 | 13.9 | 16.9 | 23.6 | |
| Prices Paid | 68.9 | 67 | 60.4 | 61.9 | 72.8 | 67.5 | 65.6 | 52.5 | 54.9 | 63.2 | 64.9 | 65.4 | 66.8 | 67.8 | 64.4 | 65.6 | 73.3 | 71.8 | 63.3 | 57 | 54.8 | 54.1 | 46.6 | 51.1 | 39.2 | 41.9 | 44.8 | 44.4 | 48.9 | 47.6 | 45 | 34.6 | 40.5 | 48.8 | 54.8 | 41.2 | 49.7 | |
| Prices Received | 38.9 | 37.6 | 31.8 | 34.8 | 34 | 35.5 | 34.5 | 25.2 | 35.2 | 39.9 | 36.6 | 35.3 | 45.8 | 43.2 | 40.4 | 35.9 | 38.1 | 31.5 | 35.9 | 37.3 | 35.7 | 34.1 | 27.4 | 32.8 | 29.7 | 24.2 | 16.4 | 23.2 | 27.8 | 25.7 | 30.4 | 22.4 | 27.6 | 36.5 | 34.8 | 29.1 | 30.2 | |
| Supply Availability | -14.6 | -8.3 | -7.3 | -7.4 | -15.6 | -20.5 | -14.1 | -3.4 | -3.7 | -8.9 | -9 | -16.7 | -13.9 | -15 | -11.9 | -24.5 | -46.1 | -36.1 | -18.7 | -20.7 | 4.6 | -1 | 10.4 | -9.4 | 8.3 | 5.9 | 1.7 | 9.9 | 8.6 | |||||||||
| Capital Expenditures | 1.1 | 4.4 | 6.9 | 6.2 | 2 | 3 | 9.8 | 6 | 5.7 | 4.4 | -0.5 | -4.4 | 0.5 | -5.9 | 1 | -8.7 | -14 | -21.7 | -3.9 | 1.6 | 12.4 | 9.2 | 13.8 | 20.2 | 11.5 | 5.6 | 3.5 | 4.8 | 12.3 | 4.8 | 13 | 16 | 13.1 | 5 | 15.2 | 8.5 | 18.1 | |
| Seasonally Adjusted (Available for these two series only)2 | ||||||||||||||||||||||||||||||||||||||
| Wages - Current Month | 30.3 | 30.7 | 30.7 | 36 | 26.5 | 37 | 29 | 29.9 | 30 | 28.1 | 29.1 | 26.3 | 27.1 | 28.5 | 29.1 | 20.9 | 29.3 | 34.2 | 30.9 | 34.3 | 34 | 34.1 | 33.9 | 28.8 | 34.2 | 33.6 | 36 | 34.6 | 34.1 | 32.8 | 38.4 | 39.4 | 42.4 | 30.4 | 36.1 | 40 | 39.8 | |
| Wages - Six-Month Horizon | 34.1 | 44.2 | 38.2 | 35.2 | 33.3 | 39.7 | 45.8 | 39.3 | 44.7 | 37 | 34.8 | 35.5 | 40.7 | 32.6 | 32.5 | 33.2 | 26.5 | 27.3 | 30.7 | 33.9 | 38 | 43.8 | 41.2 | 46.7 | 37.5 | 46.4 | 37.3 | 40 | 37.5 | 38.7 | 36.4 | 36.8 | 44 | 43.7 | 45.8 | 39.8 | 47.9 |
Latest reading
Business Activity stood at −8.7 in Sep 2026. That is −9.2 from Aug 2026 and +10.7 from a year earlier. The series on this page is monthly and runs from Sep 2004 to Sep 2026. Source: New York FED (Business Leaders Survey).
- Latest
- −8.7
- Sep 2026
- vs previous period
- −9.2
- Aug 2026
- vs a year earlier
- +10.7
About this data
US New York Fed business leaders services survey data points. This monthly report tracks indicators like general business conditions, employment, and prices paid across the region. Series go back to 2004 from the Federal Reserve Bank of New York. Figures are provided in diffusion index points, covering both current and six-month horizons.
Frequently asked questions
- What does the New York Fed Services Index measure in the United States?
- The New York Fed Services Index measures business conditions, employment, wages, and prices in the services sector based on executive surveys conducted by the Federal Reserve Bank of New York.
- How often is the New York Fed Services Index published and how far back does it go?
- This index is published monthly by the New York Fed, with historical data series extending back to 2004.
- What specific breakdowns are available in this services survey data?
- The data includes metrics such as general business activity, number of employees, prices paid, prices received, supply availability, capital expenditures, and wages, available for current and six-month horizons.
- How should the diffusion index points in the New York Fed Services Index be read?
- Index values represent diffusion indices where readings above zero indicate expansion and readings below zero signal contraction in the United States services sector.
