{"id":375357,"date":"2026-10-17T01:31:04","date_gmt":"2026-10-17T01:31:04","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/375357\/"},"modified":"2026-10-17T01:31:04","modified_gmt":"2026-10-17T01:31:04","slug":"new-york-fed-finds-surging-costs-sour-executive-outlook","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/375357\/","title":{"rendered":"New York Fed Finds Surging Costs Sour Executive Outlook"},"content":{"rendered":"

Service sector firms in New York State and nearby areas became pessimistic about the business outlook in early October, for the first time since December 2025, the\u00a0Federal Reserve Bank of New York<\/a>\u00a0said in its October \u201cBusiness Leaders Survey<\/a>.\u201d<\/p>\n

The survey\u2019s index for future business activity fell 10 points to \u20135.1, putting it in negative territory for the first time since December. The negative index reading means that firms expect a small decline in business activity over the next six months, according to the report.<\/p>\n

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\u201cBusiness activity in the New York-Northern New Jersey region\u2019s service sector declined significantly in October,\u201d\u00a0Richard Deitz<\/a>, economic research advisor at the New York Fed, said in the report. \u201cEmployment was flat, and price increases remained widespread. Firms turned somewhat pessimistic about the outlook.\u201d<\/p>\n

The New York Fed conducts the \u201cBusiness Leaders Survey\u201d once a month by asking 150 executives of service sector firms across its district, which includes New York State, Northern New Jersey and Fairfield Country, Connecticut, about key business indicators. The executives represent firms from a variety of industries other than the manufacturing sector, according to a page about the\u00a0survey<\/a>.<\/p>\n

The latest survey was released Friday (Oct. 16) and includes responses collected between Oct. 2 and Oct. 9, per the page.<\/p>\n

The survey found that the headline business activity index fell 12 points to \u201320.7, its lowest level since March; the employment index rose 5 points to 0, meaning employment held steady; the prices paid index remained near 70.0, meaning input prices continued to rise sharply; and the prices received index rose 3 points to 36.3, its highest level in four years.<\/p>\n

The\u00a0National Federation of Independent Business<\/a>\u00a0said Tuesday (Oct. 13) that\u00a0small business optimism<\/a>\u00a0dipped in September to a reading that was the lowest since June and just below the index\u2019s 52-year average. The NFIB highlighted respondents\u2019 rising concerns about \u201clabor quality or availability.\u201d<\/p>\n

The Conference Board<\/a>\u00a0said Thursday (Oct. 15) that\u00a0CEO confidence<\/a>\u00a0declined in the fourth quarter, with executives\u2019 views of current and expected economic conditions turning moderately negative. This survey was conducted from Sept. 21 through Oct. 5.<\/p>\n","protected":false},"excerpt":{"rendered":"Service sector firms in New York State and nearby areas became pessimistic about the business outlook in early…\n","protected":false},"author":2,"featured_media":375358,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[8012,3365,6079,9,33691,11,10,49,51,50,12,31826,31827],"class_list":["post-375357","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york","tag-cost-of-living","tag-economy","tag-inflation","tag-new-york","tag-new-york-federal-reserve","tag-new-york-headlines","tag-new-york-news","tag-new-york-state","tag-new-york-state-headlines","tag-new-york-state-news","tag-news","tag-pymnts-news","tag-whats-hot"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/375357","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=375357"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/375357\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/375358"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=375357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=375357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=375357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}