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 showed notable overall weakness and indicated contraction for current manufacturing activity with the current activity index declining to -7.79 while assessments of future activity declined as well with the future activity index declining to 22.45.
Current prices paid registered the first decline in seven months falling to 56.12 while current new orders declined to -3.61 and assessments of future new orders plunging to 15.31.
