Survey finds more new orders, shipments The Empire State Manufacturing Survey general business-conditions index climbed 9 points in March to 22.5, indicating a pick up in the pace of manufacturing growth in the state. The responses in the March survey show that business activity “grew robustly” in […]
The Empire State Manufacturing Survey general business-conditions index climbed 9 points in March to 22.5, indicating a pick up in the pace of manufacturing growth in the state.
The responses in the March survey show that business activity “grew robustly” in New York, the Federal Reserve Bank of New York said in its survey report issued March 15.
A positive reading indicates expansion or growth in manufacturing activity, while a negative reading on the index indicates a decline in the sector.
The survey found 38 percent of New York manufacturer respondents reported that conditions had improved over the month, while 15 percent said that conditions had worsened.
Survey details
The new-orders index and the shipments index both showed “solid growth,” with the first index moving up 3 points to 16.8 and the second climbing 15 points to 27.0, the New York Fed said.
The unfilled-orders index, positive for a third consecutive month, advanced 8 points to 12.7, “pointing to an ongoing rise in unfilled orders.”
The delivery-time index rose 5 points to 16.2, a sign that delivery times “continued to lengthen.” The inventories index was little changed at 5.6, suggesting that inventory levels “edged higher.”
The index for number of employees held steady at 9.4 and the average-workweek index was little changed at 5.9, readings that “together signaled another month of increasing employment levels and hours worked.”
Input-price increases “continued to accelerate.” The prices-paid index edged up to 50.3, setting a “new multiyear high.” The prices-received index held steady at 22.4, a level pointing to “ongoing moderate” selling-price increases.
Looking ahead, New York manufacturing firms continued to be optimistic about the six-month outlook, though somewhat less so than in February. The index for future business conditions fell 6 points to 44.1. Unfilled orders were expected to increase, and inventories were anticipated to move higher. The index for future prices paid reached its highest level in several years, indicating a widespread expectation that input prices would increase in the months ahead. The capital expenditures index, at 29.4, suggested 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.
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The Empire State Manufacturing Survey general business-conditions index climbed 9 points in March to 22.5, indicating a pick up in the pace of manufacturing growth in the state.
The responses in the March survey show that business activity “grew robustly” in New York, the Federal Reserve Bank of New York said in its survey report issued March 15.
A positive reading indicates expansion or growth in manufacturing activity, while a negative reading on the index indicates a decline in the sector.
The survey found 38 percent of New York manufacturer respondents reported that conditions had improved over the month, while 15 percent said that conditions had worsened.
Survey details
The new-orders index and the shipments index both showed “solid growth,” with the first index moving up 3 points to 16.8 and the second climbing 15 points to 27.0, the New York Fed said.
The unfilled-orders index, positive for a third consecutive month, advanced 8 points to 12.7, “pointing to an ongoing rise in unfilled orders.”
The delivery-time index rose 5 points to 16.2, a sign that delivery times “continued to lengthen.” The inventories index was little changed at 5.6, suggesting that inventory levels “edged higher.”
The index for number of employees held steady at 9.4 and the average-workweek index was little changed at 5.9, readings that “together signaled another month of increasing employment levels and hours worked.”
Input-price increases “continued to accelerate.” The prices-paid index edged up to 50.3, setting a “new multiyear high.” The prices-received index held steady at 22.4, a level pointing to “ongoing moderate” selling-price increases.
Looking ahead, New York manufacturing firms continued to be optimistic about the six-month outlook, though somewhat less so than in February. The index for future business conditions fell 6 points to 44.1. Unfilled orders were expected to increase, and inventories were anticipated to move higher. The index for future prices paid reached its highest level in several years, indicating a widespread expectation that input prices would increase in the months ahead. The capital expenditures index, at 29.4, suggested 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.
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Survey finds more new orders, shipments The Empire State Manufacturing Survey general business-conditions index climbed 9 points in March to 22.5, indicating a pick up in the pace of manufacturing growth in the state. The responses in the March survey show that business activity “grew robustly” in […]
The Empire State Manufacturing Survey general business-conditions index climbed 9 points in March to 22.5, indicating a pick up in the pace of manufacturing growth in the state.
The responses in the March survey show that business activity “grew robustly” in New York, the Federal Reserve Bank of New York said in its survey report issued March 15.
A positive reading indicates expansion or growth in manufacturing activity, while a negative reading on the index indicates a decline in the sector.
The survey found 38 percent of New York manufacturer respondents reported that conditions had improved over the month, while 15 percent said that conditions had worsened.
Survey details
The new-orders index and the shipments index both showed “solid growth,” with the first index moving up 3 points to 16.8 and the second climbing 15 points to 27.0, the New York Fed said.
The unfilled-orders index, positive for a third consecutive month, advanced 8 points to 12.7, “pointing to an ongoing rise in unfilled orders.”
The delivery-time index rose 5 points to 16.2, a sign that delivery times “continued to lengthen.” The inventories index was little changed at 5.6, suggesting that inventory levels “edged higher.”
The index for number of employees held steady at 9.4 and the average-workweek index was little changed at 5.9, readings that “together signaled another month of increasing employment levels and hours worked.”
Input-price increases “continued to accelerate.” The prices-paid index edged up to 50.3, setting a “new multiyear high.” The prices-received index held steady at 22.4, a level pointing to “ongoing moderate” selling-price increases.
Looking ahead, New York manufacturing firms continued to be optimistic about the six-month outlook, though somewhat less so than in February. The index for future business conditions fell 6 points to 44.1. Unfilled orders were expected to increase, and inventories were anticipated to move higher. The index for future prices paid reached its highest level in several years, indicating a widespread expectation that input prices would increase in the months ahead. The capital expenditures index, at 29.4, suggested 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.
