Manufacturing declines in short-term; Future looks brighter
The latest Empire State Manufacturing Survey showed a slight decline for current assessments of manufacturing activity and an improvement to future assessments.
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 decline for current assessments of manufacturing activity and an improvement to future assessments with the current activity index falling to a notably weak level of -8.1 while future activity improved to 18.66.
Current prices paid rose to 16.13 while current new orders weakened to -3.7 as assessments of future new orders improved to 32.26.
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