The November reading of the Empire State Manufacturing Survey indicates “business activity continued to grow at a solid clip in New York.” That’s according to the Federal Reserve Bank of New York which said the survey’s general business-conditions index rose 2 points to 23.3 in November. The index number is based on the responses from manufacturing […]
The November reading of the Empire State Manufacturing Survey indicates “business activity continued to grow at a solid clip in New York.”
That’s according to the Federal Reserve Bank of New York which said the survey’s general business-conditions index rose 2 points to 23.3 in November. The index number is based on the responses from manufacturing firms.
A positive index number indicates expansion or growth in manufacturing activity, while a negative reading points to a decline in the sector.
The survey found 41 percent of respondents reported that conditions had improved over the month, while 18 percent said that conditions had worsened.
Survey details
The new-orders index edged down “just slightly” to 20.4, and the shipments index was little changed at 28.0, readings that reflected “moderate growth,” the New York Fed said. Unfilled orders were unchanged, inventories climbed, and delivery times continued to lengthen “modestly.”
The index for number of employees moved up 5 points to 14.1, and the average-workweek index climbed 9 points to 9.2, indicating increases in both employment levels and hours worked.
Input prices continued to rise, with the prices-paid index edging up 3 points to 44.5. The prices-received index was little changed at 13.1.
Firms expressed a “moderate” level of optimism about the six-month outlook. The index for future business conditions rose 5 points to 33.6. The indexes for future delivery times and future inventories both climbed above zero, “suggesting that businesses expect longer delivery times and higher inventories.”
The index for future prices paid reached a multiyear high, and employment levels were expected to increase in the months ahead. The capital-expenditures index increased to 24.8, and the technology-spending index advanced to 19.7.
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 November reading of the Empire State Manufacturing Survey indicates “business activity continued to grow at a solid clip in New York.”
That’s according to the Federal Reserve Bank of New York which said the survey’s general business-conditions index rose 2 points to 23.3 in November. The index number is based on the responses from manufacturing firms.
A positive index number indicates expansion or growth in manufacturing activity, while a negative reading points to a decline in the sector.
The survey found 41 percent of respondents reported that conditions had improved over the month, while 18 percent said that conditions had worsened.
Survey details
The new-orders index edged down “just slightly” to 20.4, and the shipments index was little changed at 28.0, readings that reflected “moderate growth,” the New York Fed said. Unfilled orders were unchanged, inventories climbed, and delivery times continued to lengthen “modestly.”
The index for number of employees moved up 5 points to 14.1, and the average-workweek index climbed 9 points to 9.2, indicating increases in both employment levels and hours worked.
Input prices continued to rise, with the prices-paid index edging up 3 points to 44.5. The prices-received index was little changed at 13.1.
Firms expressed a “moderate” level of optimism about the six-month outlook. The index for future business conditions rose 5 points to 33.6. The indexes for future delivery times and future inventories both climbed above zero, “suggesting that businesses expect longer delivery times and higher inventories.”
The index for future prices paid reached a multiyear high, and employment levels were expected to increase in the months ahead. The capital-expenditures index increased to 24.8, and the technology-spending index advanced to 19.7.
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 November reading of the Empire State Manufacturing Survey indicates “business activity continued to grow at a solid clip in New York.” That’s according to the Federal Reserve Bank of New York which said the survey’s general business-conditions index rose 2 points to 23.3 in November. The index number is based on the responses from manufacturing […]
The November reading of the Empire State Manufacturing Survey indicates “business activity continued to grow at a solid clip in New York.”
That’s according to the Federal Reserve Bank of New York which said the survey’s general business-conditions index rose 2 points to 23.3 in November. The index number is based on the responses from manufacturing firms.
A positive index number indicates expansion or growth in manufacturing activity, while a negative reading points to a decline in the sector.
The survey found 41 percent of respondents reported that conditions had improved over the month, while 18 percent said that conditions had worsened.
Survey details
The new-orders index edged down “just slightly” to 20.4, and the shipments index was little changed at 28.0, readings that reflected “moderate growth,” the New York Fed said. Unfilled orders were unchanged, inventories climbed, and delivery times continued to lengthen “modestly.”
The index for number of employees moved up 5 points to 14.1, and the average-workweek index climbed 9 points to 9.2, indicating increases in both employment levels and hours worked.
Input prices continued to rise, with the prices-paid index edging up 3 points to 44.5. The prices-received index was little changed at 13.1.
Firms expressed a “moderate” level of optimism about the six-month outlook. The index for future business conditions rose 5 points to 33.6. The indexes for future delivery times and future inventories both climbed above zero, “suggesting that businesses expect longer delivery times and higher inventories.”
The index for future prices paid reached a multiyear high, and employment levels were expected to increase in the months ahead. The capital-expenditures index increased to 24.8, and the technology-spending index advanced to 19.7.
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.
