A mixed bag for manufacturing
Current assessments of manufacturing activity declined slightly, according to the latest report from the Empire State Manufacturing Survey.
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 -7.78 while future activity improved to 22.41.
Current prices paid rose to 22.58 while current new orders weakened to -7.18 as assessments of future new orders improved to 25.11.
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