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 -8.82 while assessments of future activity improved slightly with the future activity index climbing to just 13.04.
Current prices paid increased to 32.61 while current new orders weakened to -8 and assessments of future new orders improved to 13.04.
