The Empire State Manufacturing Survey general business-conditions index fell 7 points in April to 15.8, but the positive reading indicated a sector that is still growing. The responses in the April survey showed that business activity “continued to expand, though at a somewhat slower pace than in March,” the Federal Reserve Bank of New York […]
The Empire State Manufacturing Survey general business-conditions index fell 7 points in April to 15.8, but the positive reading indicated a sector that is still growing.
The responses in the April survey showed that business activity “continued to expand, though at a somewhat slower pace than in March,” the Federal Reserve Bank of New York said in its report issued April 16.
A positive reading indicates expansion or growth in the state’s manufacturing activity, while a negative index number points to a sector decline.
The Empire State Survey found 38 percent of manufacturing respondents reported that conditions had improved over the month, while 22 percent said that conditions had worsened.
Survey details
The new-orders index fell 8 points to 9.0, and the shipments index declined 10 points to 17.5, indicating that orders and shipments “expanded, but less so than last month,” the New York Fed said.
Unfilled orders edged higher, and inventories increased. The delivery-time index was “little changed” at 15.6, a sign that delivery times “continued to lengthen.”
The index for number of employees declined 3 points to 6.0, a level “pointing to a modest increase” in employment. Moving in the opposite direction, the average workweek index climbed 11 points to 16.9, indicating a “significant” increase in hours worked.
Price increases remained “elevated.” The prices-paid index edged down 3 points to 47.4, just slightly below last month’s multi-year high. The prices-received index was little changed at 20.7, a level “suggesting ongoing, moderate” selling-price increases.
Optimism about the six-month outlook “plunged” among manufacturing firms, the New York Fed said.
The index for future business conditions slipped 26 points to 18.3, its lowest level in more than two years. After reaching its highest level in several years last month, the index for future prices paid was little changed, “indicating a widespread expectation” that input prices would increase in the months ahead.
The index for future prices received edged higher. The capital-expenditures index posted its third consecutive monthly decline, though at 25.2, it suggested that firms plan to increase capital spending “in the months ahead,” the New York Fed said.
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 fell 7 points in April to 15.8, but the positive reading indicated a sector that is still growing.
The responses in the April survey showed that business activity “continued to expand, though at a somewhat slower pace than in March,” the Federal Reserve Bank of New York said in its report issued April 16.
A positive reading indicates expansion or growth in the state’s manufacturing activity, while a negative index number points to a sector decline.
The Empire State Survey found 38 percent of manufacturing respondents reported that conditions had improved over the month, while 22 percent said that conditions had worsened.
Survey details
The new-orders index fell 8 points to 9.0, and the shipments index declined 10 points to 17.5, indicating that orders and shipments “expanded, but less so than last month,” the New York Fed said.
Unfilled orders edged higher, and inventories increased. The delivery-time index was “little changed” at 15.6, a sign that delivery times “continued to lengthen.”
The index for number of employees declined 3 points to 6.0, a level “pointing to a modest increase” in employment. Moving in the opposite direction, the average workweek index climbed 11 points to 16.9, indicating a “significant” increase in hours worked.
Price increases remained “elevated.” The prices-paid index edged down 3 points to 47.4, just slightly below last month’s multi-year high. The prices-received index was little changed at 20.7, a level “suggesting ongoing, moderate” selling-price increases.
Optimism about the six-month outlook “plunged” among manufacturing firms, the New York Fed said.
The index for future business conditions slipped 26 points to 18.3, its lowest level in more than two years. After reaching its highest level in several years last month, the index for future prices paid was little changed, “indicating a widespread expectation” that input prices would increase in the months ahead.
The index for future prices received edged higher. The capital-expenditures index posted its third consecutive monthly decline, though at 25.2, it suggested that firms plan to increase capital spending “in the months ahead,” the New York Fed said.
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 fell 7 points in April to 15.8, but the positive reading indicated a sector that is still growing. The responses in the April survey showed that business activity “continued to expand, though at a somewhat slower pace than in March,” the Federal Reserve Bank of New York […]
The Empire State Manufacturing Survey general business-conditions index fell 7 points in April to 15.8, but the positive reading indicated a sector that is still growing.
The responses in the April survey showed that business activity “continued to expand, though at a somewhat slower pace than in March,” the Federal Reserve Bank of New York said in its report issued April 16.
A positive reading indicates expansion or growth in the state’s manufacturing activity, while a negative index number points to a sector decline.
The Empire State Survey found 38 percent of manufacturing respondents reported that conditions had improved over the month, while 22 percent said that conditions had worsened.
Survey details
The new-orders index fell 8 points to 9.0, and the shipments index declined 10 points to 17.5, indicating that orders and shipments “expanded, but less so than last month,” the New York Fed said.
Unfilled orders edged higher, and inventories increased. The delivery-time index was “little changed” at 15.6, a sign that delivery times “continued to lengthen.”
The index for number of employees declined 3 points to 6.0, a level “pointing to a modest increase” in employment. Moving in the opposite direction, the average workweek index climbed 11 points to 16.9, indicating a “significant” increase in hours worked.
Price increases remained “elevated.” The prices-paid index edged down 3 points to 47.4, just slightly below last month’s multi-year high. The prices-received index was little changed at 20.7, a level “suggesting ongoing, moderate” selling-price increases.
Optimism about the six-month outlook “plunged” among manufacturing firms, the New York Fed said.
The index for future business conditions slipped 26 points to 18.3, its lowest level in more than two years. After reaching its highest level in several years last month, the index for future prices paid was little changed, “indicating a widespread expectation” that input prices would increase in the months ahead.
The index for future prices received edged higher. The capital-expenditures index posted its third consecutive monthly decline, though at 25.2, it suggested that firms plan to increase capital spending “in the months ahead,” the New York Fed said.
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.
