JUST RELEASED: Activity in the #2ndDistrict's service sector expanded modestly, according to firms responding to the Federal Reserve Bank of New York’s November 2018 Business Leaders Survey: nyfed.org/BLS #businessleaderssurvey 
The headline business activity index held steady at 8.6. #businessleaderssurvey
32% of respondents reported that conditions improved over the month, while 24% said that conditions worsened. #businessleaderssurvey
The business climate index fell nine points to 12.9, signaling that, on balance, firms viewed the business climate as better than normal, though to a lesser extent than in October. #businessleaderssurvey
The employment index fell six points to 8.6, indicating that employment increased, though at a slower pace than last month. #businessleaderssurvey
The wages index fell six points to 34.2, suggesting that while wage gains were significant, they were somewhat less widespread than last month. #businessleaderssurvey
Optimism about the six-month outlook was noticeably lower. #businessleaderssurvey
The index for future business activity dropped fifteen points to 17.3, its lowest level in a year. #businessleaderssurvey
The index for future business climate fell to zero, a nearly 40-point drop from its level at the beginning of 2018.
#businessleaderssurvey
#businessleaderssurvey
JUST RELEASED—SUPPLEMENTAL SURVEY REPORT:
More Businesses Struggling to Find Qualified Workers;
Modest Pickup in Wage Growth Noted → nyfed.org/2PwJ9HK
More Businesses Struggling to Find Qualified Workers;
Modest Pickup in Wage Growth Noted → nyfed.org/2PwJ9HK
