The Empire State Manufacturing Survey general business-conditions index rose 4 points in May to 20.1, “indicating a faster pace of growth than in April.” The index had dipped 7 points in April to 15.8. The responses in the May survey indicated that manufacturing business activity “grew strongly” in New York, the Federal Reserve Bank […]
The Empire State Manufacturing Survey general business-conditions index rose 4 points in May to 20.1, “indicating a faster pace of growth than in April.”
The index had dipped 7 points in April to 15.8.
The responses in the May survey indicated that manufacturing business activity “grew strongly” in New York, the Federal Reserve Bank of New York said in its May 15 report.
A positive reading indicates expansion or growth in manufacturing activity, while a negative index number shows a decline in the sector.
The survey found 40 percent of respondents reported that conditions had improved over the month, while 20 percent reported that conditions had worsened.
Survey details
The new-orders index rose 7 points to 16.0 and the shipments index was little changed at 19.1, indicating that orders and shipments “again grew strongly.”
Unfilled orders increased, and inventories moved higher, the New York Fed said. The delivery-time index was close to last month’s level at 13.7, a “sign that delivery times continued to lengthen.”
The index for number of employees edged up 3 points to 8.7, while the average-workweek index fell to 11.1, readings pointing to a “modest increase” in employment and hours worked.
Price increases remained “elevated.” The prices-paid index moved up 7 points to 54.0, its highest level since 2011, indicating a “pickup” in input-price increases. The prices-received index rose 2 points to 23.0, suggesting “ongoing moderate” selling-price increases.
Optimism about the six-month outlook increased, but “fell short of levels enjoyed in recent months,” the New York Fed said.
The index for future business conditions, which plunged to 18.3 in April after remaining above 40 for most of the past year and a half, regained 13 points to reach 31.1 in May.
Employment was expected to increase in the months ahead, and the indexes for future prices remained “elevated.” The capital-expenditures index moved up 4 points to 29.5, and the technology-spending index rose to 23.0.
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 rose 4 points in May to 20.1, “indicating a faster pace of growth than in April.”
The index had dipped 7 points in April to 15.8.
The responses in the May survey indicated that manufacturing business activity “grew strongly” in New York, the Federal Reserve Bank of New York said in its May 15 report.
A positive reading indicates expansion or growth in manufacturing activity, while a negative index number shows a decline in the sector.
The survey found 40 percent of respondents reported that conditions had improved over the month, while 20 percent reported that conditions had worsened.
Survey details
The new-orders index rose 7 points to 16.0 and the shipments index was little changed at 19.1, indicating that orders and shipments “again grew strongly.”
Unfilled orders increased, and inventories moved higher, the New York Fed said. The delivery-time index was close to last month’s level at 13.7, a “sign that delivery times continued to lengthen.”
The index for number of employees edged up 3 points to 8.7, while the average-workweek index fell to 11.1, readings pointing to a “modest increase” in employment and hours worked.
Price increases remained “elevated.” The prices-paid index moved up 7 points to 54.0, its highest level since 2011, indicating a “pickup” in input-price increases. The prices-received index rose 2 points to 23.0, suggesting “ongoing moderate” selling-price increases.
Optimism about the six-month outlook increased, but “fell short of levels enjoyed in recent months,” the New York Fed said.
The index for future business conditions, which plunged to 18.3 in April after remaining above 40 for most of the past year and a half, regained 13 points to reach 31.1 in May.
Employment was expected to increase in the months ahead, and the indexes for future prices remained “elevated.” The capital-expenditures index moved up 4 points to 29.5, and the technology-spending index rose to 23.0.
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 rose 4 points in May to 20.1, “indicating a faster pace of growth than in April.” The index had dipped 7 points in April to 15.8. The responses in the May survey indicated that manufacturing business activity “grew strongly” in New York, the Federal Reserve Bank […]
The Empire State Manufacturing Survey general business-conditions index rose 4 points in May to 20.1, “indicating a faster pace of growth than in April.”
The index had dipped 7 points in April to 15.8.
The responses in the May survey indicated that manufacturing business activity “grew strongly” in New York, the Federal Reserve Bank of New York said in its May 15 report.
A positive reading indicates expansion or growth in manufacturing activity, while a negative index number shows a decline in the sector.
The survey found 40 percent of respondents reported that conditions had improved over the month, while 20 percent reported that conditions had worsened.
Survey details
The new-orders index rose 7 points to 16.0 and the shipments index was little changed at 19.1, indicating that orders and shipments “again grew strongly.”
Unfilled orders increased, and inventories moved higher, the New York Fed said. The delivery-time index was close to last month’s level at 13.7, a “sign that delivery times continued to lengthen.”
The index for number of employees edged up 3 points to 8.7, while the average-workweek index fell to 11.1, readings pointing to a “modest increase” in employment and hours worked.
Price increases remained “elevated.” The prices-paid index moved up 7 points to 54.0, its highest level since 2011, indicating a “pickup” in input-price increases. The prices-received index rose 2 points to 23.0, suggesting “ongoing moderate” selling-price increases.
Optimism about the six-month outlook increased, but “fell short of levels enjoyed in recent months,” the New York Fed said.
The index for future business conditions, which plunged to 18.3 in April after remaining above 40 for most of the past year and a half, regained 13 points to reach 31.1 in May.
Employment was expected to increase in the months ahead, and the indexes for future prices remained “elevated.” The capital-expenditures index moved up 4 points to 29.5, and the technology-spending index rose to 23.0.
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.
