NY Fed Services Business Activity (Aug): 0.5 (exp. 4.6, prev. 8.7)
August NY Fed services activity nearly stalled at 0.5, while input price pressures rose to 70.1, signaling potential stagflationary trends and weighing on future business sentiment.
News detail
Current Indicators Business Activity: 0.5 (prev. 8.7) Business Climate: -25.7 (prev. -24.0) Number of Employees: 2.4 (prev. 4.3) Wages: 30.7 (prev. 30.7) Prices Paid: 70.1 (prev. 66.7) Prices Received: 27.7 (prev. 28.9) Capital Spending: 2.0 (prev. 1.0) Supply Availability: -14.3 (prev. -9.7) Forward-Looking Indicators (6-Month Expectations) Business Activity: 9.3 (prev. 23.2) Business Climate: -16.5 (prev. 0.0) Number of Employees: 9.3 (prev. 11.9) Wages: 44.2 (prev. 38.2) Prices Paid: 67.0 (prev. 60.4) Prices Received: 37.6 (prev. 31.8) Capital Spending: 4.4 (prev. 6.9) Supply Availability: -8.3 (prev. -7.3)
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