{"id":300918,"date":"2026-07-20T18:44:08","date_gmt":"2026-07-20T18:44:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/300918\/"},"modified":"2026-07-20T18:44:08","modified_gmt":"2026-07-20T18:44:08","slug":"ny-fed-regional-business-activity-improves-in-july","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/300918\/","title":{"rendered":"NY Fed: Regional business activity improves in July"},"content":{"rendered":"

Regional service-sector activity grew for the first time in nearly two years in July, according to the Business Leaders Survey<\/a> from the Federal Reserve Bank of New York, covering New York, North Jersey and southwestern Connecticut.\n<\/p>\n

Business activity<\/a> increased 19 points to 8.7, the New York Fed<\/a> reported this week. Additionally, the business climate<\/a> rose 13 points (to -24.0).\n<\/p>\n

While the latter remained negative, the sharp increase points to improved conditions in recent months as well as a jump from June. Looking ahead, it\u2019s also driving an optimistic outlook. Over the next six months, the regional institution noted firms feel more positive about business conditions.<\/p>\n

Employment<\/a> increased slightly, while wage growth slowed and supply availability declined modestly. While price increases remained elevated, the NY Fed reported a slight easing.\n<\/p>\n

The NY Fed said it collected Business Leaders Survey responses from July 2\u201310. The survey goes out to the same pool of about 150 business executives, typically the company leader, across the region\u2019s service sector<\/a>. About 100 responses are typically returned by the close. See a sample survey here.
A closer look: July 2026\n<\/p>\n

The jump in business activity helped produce the indicator\u2019s highest reading since 2022. While 34% reported improved conditions, 25% said things had gotten worse.<\/p>\n

On business climate, 21% of respondents described favorable conditions and 45% unfavorable.\n<\/p>\n

Employment continued to rise, though at a slower pace than in June, as the index dropped seven points. Wage growth, meanwhile, moderated some, declining by five points to 30.7.\n<\/p>\n

While conditions still lag, the results appear to indicate regional businesses are ready to turn a corner.\n<\/p>\n

The most encouraging sign came from respondent\u2019s expectations. The index for future business climate jumped 17 points to zero. The improvement suggests \u201cthat for the first time in well over a year,\u201d firms don\u2019t expect things to get worse in the coming months.\n<\/p>\n

\u201cEmployment is expected to grow modestly. Supply availability is expected to decline modestly. Capital spending plans remain subdued,\u201d the NY Fed said.<\/p>\n","protected":false},"excerpt":{"rendered":"Regional service-sector activity grew for the first time in nearly two years in July, according to the Business…\n","protected":false},"author":2,"featured_media":300919,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[114181,12789,114182,114183,16370,9,24,50135,63,114184,114185,134,136,135],"class_list":["post-300918","post","type-post","status-publish","format-standard","has-post-thumbnail","category-staten-island","tag-business-activity","tag-business-climate","tag-business-leaders-survey","tag-economic-outlook","tag-employment","tag-new-york","tag-new-york-city","tag-new-york-fed","tag-nyc","tag-regional-economy","tag-service-sector","tag-staten-island","tag-staten-island-headlines","tag-staten-island-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/300918","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=300918"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/300918\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/300919"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=300918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=300918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=300918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}