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 a notable decline for current and future assessments of manufacturing activity with the current activity index falling to a recessionary level of -19.37 while future activity dropped to a weak level of 9.51.
Current prices paid rose to 16 while current new orders slumped notably to -23.54 while assessments of future new orders fell to 12.18.
