NY Fed survey
- Business climate 7.7 vs 21.1 prior
- Employment 17.9 vs 15.5 prior
- Wages 43.1 vs 41.7 prior
- Prices paid 49.1 vs 56.1 prior
- Capital spending 17.2 vs 21.5 prior
- Full report
This indicator doesn't get much attention but it's another input. A few recent data points have shown a bit less enthusiasm than anticipated in the US economy. It looks more like a blip than anything lasting, because the tax cut impact is just beginning to take effect. Still, it's worth watching and the wages number here ticked higher (although I should also note that the forward-looking wage index fell to 49.1 from 53.0). In general, most of the sub-indexes remain close to long-term highs.
