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 continued weakness and indicated contraction for current manufacturing activity with the current activity index remaining below zero at -3.76 while assessments of future activity improved with the future activity index climbing to 32.22.
Current prices paid declined to 43.33 while current new orders weakened to -5.54 and assessments of future new orders improved to 25.56.
