The Empire State Manufacturing survey general business-conditions index fell about 5 points in February to 13.1, indicating a “somewhat slower pace” of growth than in January. Despite the index drop, business activity in New York “continued to expand,” the Federal Reserve Bank of New York said in its survey report. A positive reading indicates expansion […]
The Empire State Manufacturing survey general business-conditions index fell about 5 points in February to 13.1, indicating a “somewhat slower pace” of growth than in January.
Despite the index drop, business activity in New York “continued to expand,” the Federal Reserve Bank of New York said in its survey report.
A positive reading indicates expansion or growth in manufacturing activity, while a negative number on the index points to a decline in the sector.
The survey found 37 percent of New York manufacturer respondents reported that conditions had improved over the month, while 24 percent said that conditions had worsened.
Survey details
The new-orders index and shipments index were both “little changed,” the New York Fed said. Both readings indicate “ongoing growth” in orders and shipments.
The unfilled-orders index remained positive for a second consecutive month, “reflecting a small increase” in unfilled orders.
The delivery-time index rose 8 points to 11.1, a sign that delivery times “lengthened.” The inventories index declined, but remained positive at 4.9, suggesting that inventory levels “edged higher,” the New York Fed said.
The index for number of employees rose to 10.9, signaling a “modest increase” in employment levels, and the average-workweek index rose to 4.6, indicating that hours worked also climbed.
Input price increases were “noticeably” higher. The prices-paid index climbed 12 points to 48.6, its highest level in nearly six years. The prices-received index held steady at 21.5, a level pointing to “continued moderate” selling-price increases, per the survey report.
Looking ahead, manufacturers “continued to be optimistic” about the six-month outlook.
The index for future business conditions edged up 2 points to 50.5. The index for future delivery times hit a “record high” of 15.3, indicating that firms expected longer delivery times in the months ahead.
The index for future prices paid was near last month’s multiyear high, and the capital-expenditures index, at 31.9, showed that firms’ capital-spending plans remained strong.
The New York Fed distributes the Empire State Manufacturing Survey on the first day of each month to the same pool of about 200 manufacturing executives in New York. On average, about 100 executives return responses.
Post
Share
Tweet
Print
Email
Get our email updates
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
The Empire State Manufacturing survey general business-conditions index fell about 5 points in February to 13.1, indicating a “somewhat slower pace” of growth than in January.
Despite the index drop, business activity in New York “continued to expand,” the Federal Reserve Bank of New York said in its survey report.
A positive reading indicates expansion or growth in manufacturing activity, while a negative number on the index points to a decline in the sector.
The survey found 37 percent of New York manufacturer respondents reported that conditions had improved over the month, while 24 percent said that conditions had worsened.
Survey details
The new-orders index and shipments index were both “little changed,” the New York Fed said. Both readings indicate “ongoing growth” in orders and shipments.
The unfilled-orders index remained positive for a second consecutive month, “reflecting a small increase” in unfilled orders.
The delivery-time index rose 8 points to 11.1, a sign that delivery times “lengthened.” The inventories index declined, but remained positive at 4.9, suggesting that inventory levels “edged higher,” the New York Fed said.
The index for number of employees rose to 10.9, signaling a “modest increase” in employment levels, and the average-workweek index rose to 4.6, indicating that hours worked also climbed.
Input price increases were “noticeably” higher. The prices-paid index climbed 12 points to 48.6, its highest level in nearly six years. The prices-received index held steady at 21.5, a level pointing to “continued moderate” selling-price increases, per the survey report.
Looking ahead, manufacturers “continued to be optimistic” about the six-month outlook.
The index for future business conditions edged up 2 points to 50.5. The index for future delivery times hit a “record high” of 15.3, indicating that firms expected longer delivery times in the months ahead.
The index for future prices paid was near last month’s multiyear high, and the capital-expenditures index, at 31.9, showed that firms’ capital-spending plans remained strong.
The New York Fed distributes the Empire State Manufacturing Survey on the first day of each month to the same pool of about 200 manufacturing executives in New York. On average, about 100 executives return responses.
" />
The Empire State Manufacturing survey general business-conditions index fell about 5 points in February to 13.1, indicating a “somewhat slower pace” of growth than in January. Despite the index drop, business activity in New York “continued to expand,” the Federal Reserve Bank of New York said in its survey report. A positive reading indicates expansion […]
The Empire State Manufacturing survey general business-conditions index fell about 5 points in February to 13.1, indicating a “somewhat slower pace” of growth than in January.
Despite the index drop, business activity in New York “continued to expand,” the Federal Reserve Bank of New York said in its survey report.
A positive reading indicates expansion or growth in manufacturing activity, while a negative number on the index points to a decline in the sector.
The survey found 37 percent of New York manufacturer respondents reported that conditions had improved over the month, while 24 percent said that conditions had worsened.
Survey details
The new-orders index and shipments index were both “little changed,” the New York Fed said. Both readings indicate “ongoing growth” in orders and shipments.
The unfilled-orders index remained positive for a second consecutive month, “reflecting a small increase” in unfilled orders.
The delivery-time index rose 8 points to 11.1, a sign that delivery times “lengthened.” The inventories index declined, but remained positive at 4.9, suggesting that inventory levels “edged higher,” the New York Fed said.
The index for number of employees rose to 10.9, signaling a “modest increase” in employment levels, and the average-workweek index rose to 4.6, indicating that hours worked also climbed.
Input price increases were “noticeably” higher. The prices-paid index climbed 12 points to 48.6, its highest level in nearly six years. The prices-received index held steady at 21.5, a level pointing to “continued moderate” selling-price increases, per the survey report.
Looking ahead, manufacturers “continued to be optimistic” about the six-month outlook.
The index for future business conditions edged up 2 points to 50.5. The index for future delivery times hit a “record high” of 15.3, indicating that firms expected longer delivery times in the months ahead.
The index for future prices paid was near last month’s multiyear high, and the capital-expenditures index, at 31.9, showed that firms’ capital-spending plans remained strong.
The New York Fed distributes the Empire State Manufacturing Survey on the first day of each month to the same pool of about 200 manufacturing executives in New York. On average, about 100 executives return responses.
