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 notable weakness and again indicated contraction for current manufacturing activity with the current activity index declining further below zero at -7.72 while assessments of future activity worsened with the future activity index dropping to just 8.7.
Current prices paid declined to 28.26 while current new orders weakened to -7.82 and assessments of future new orders plunged to 6.52.
