The Empire State Manufacturing Survey consists of a series of diffusion indices distilled from a monthly survey of New York regional manufacturing executives and seeks to identify trends across 22 different current and future manufacturing related activities.Today’s report indicated continued expansion though at a notably slower rate than at the start of the year with the current business conditions index declining slightly to 4.14 while the future conditions index declined to 31.34.
Current and future new orders remained weak with current orders registering a 4.33 while future new orders declined to 25.37 also markedly slower than prior months.
