Empire State Manufacturing Survey
The survey indicates that conditions for New York manufacturers declined marginally. The general business conditions index fell four points to -1.4, its first negative reading since January. Indexes for the six-month outlook were generally lower, suggesting that optimism about future conditions had weakened.
Household Debt Declines
HOUSEHOLD DEBT AND CREDIT REPORT, Q1 2013
Aggregate consumer debt declined in the first quarter, by $110 billion,
resuming the longer-term downward trend. As of March 31, 2013, total consumer
indebtedness was $11.23 trillion, 1.0 percent lower than its level in the fourth quarter
of 2012. Overall consumer debt remains considerably below its peak of $12.68 trillion
in the third quarter of 2008.
Small Business Credit Survey
The New York Fed's Small Business Credit Survey collects information from small businesses in New York, New Jersey and Connecticut—about their performance, financing decisions and credit experiences.