New York Fed Finds Surging Costs Turn Executive Outlook Negative
New York Fed reports service sector firms now expect business decline due to rising costs.
In brief
New York Fed reports service sector firms now expect business decline due to rising costs. New York Fed survey shows service sector firms expect business activity decline as costs surge. Originally reported by Pymnts.
New York Fed Survey
New York Fed survey shows service sector firms became pessimistic about business outlook in early October.
Business Activity Index
Business activity index fell 10 points to, 5.1, entering negative territory for the first time since December 2025.
Price Increases Widespread
Price increases remained widespread with employment flat as firms turned pessimistic about outlook.
Survey Details
Survey conducted with 150 service sector executives across New York State, Northern New Jersey and Connecticut.
At a glance
New York Fed survey shows service sector firms expect business activity decline as costs surge.
