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 slight improvement for both current and future assessments of manufacturing activity with the current activity index rising to a still recessionary level of -16.64 while future activity rose to a weak level of 14.48.
Current prices paid declined to 2.97 while current new orders improved to a notably weak level of -11.63 while assessments of future new orders rose to 22.15.
