Other Business Activity Regional purchasing managers report broad improvement in the region's manufacturing sector, along with an absence of price pressures in September. Similarly, Rochester purchasers report a sharp improvement in general business conditions but a dip in employment and stable prices. New York purchasing managers in both the manufacturing and non-manufacturing sectors report that business activity accelerated in September and that prices paid for goods and services remained flat. Regional labor markets continue to improve gradually. New Jersey payroll employment, which is growing at a roughly 1.5 percent pace, surpassed its pre-recession peak in September.
Job growth remains mixed in New York, with upstate continuing to lag the New York City area.
Refinancing continued to increase. Willingness to lend increased, with 29 percent of bankers reporting more willingness to lend, and none reporting less. Credit standards on all categories of loans remained unchanged over the past two months. Delinquency rates remained stable over the last two months. To comment on this site, please fill out our feedback form.