CEO Sentiment Improving in 2024, but Differences Persist
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Business activity in the New York and Northern New Jersey area stabilized in March, reversing months of decline, according to the New York Federal Reserve's March 2024 Business Leaders Survey. The survey's index moved higher by eight points to hit 0.6, marking the first time in six months that the index has moved higher. However, the business climate index dropped two points to -26.4, indicating that business conditions remain 'worse than normal'. The survey found that 30% of respondents reported improved business conditions over the month, while another 30% said conditions had worsened. Prices paid rose five points, prices received index moved higher by three points, and the wages index showed that wage increases slowed slightly. The employment level remained relatively unchanged .
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