The Empire State Manufacturing survey general business-conditions index rose 5 points to 8.8 in February. It marked a bit of a bounce back after the index had fallen 8 points to 3.9 in January, “its lowest level in well over a year.” The February reading, based on firms responding to the survey, indicates “business activity […]
The Empire State Manufacturing survey general business-conditions index rose 5 points to 8.8 in February.
It marked a bit of a bounce back after the index had fallen 8 points to 3.9 in January, “its lowest level in well over a year.”
The February reading, based on firms responding to the survey, indicates “business activity grew modestly in New York,” the New York Fed said in its Feb. 15 survey 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 32 percent of respondents reported that conditions had improved over the month, while 23 percent said that conditions had worsened, the New York Fed said.
Survey details
The new-orders index climbed 4 points to 7.5. The shipments index fell 8 points to 10.4, its “lowest level in well over a year,” though the index reading does indicate a “decent pace” of growth, the New York Fed said.
Unfilled orders held steady, inventories were little changed, and delivery times were slightly longer.
The index for number of employees fell for a second straight month, declining 3 points to 4.1. But since it was still a positive number, it pointed to “slight increase” in employment levels. The average-workweek index moved down to 2.5.
The prices-paid index fell for a third consecutive month, sliding 9 points to 27.1, indicating a “continued slowing” of input-price increases. The prices-received index increased 10 points to 22.9, “suggesting that selling price increases picked up.”
Manufacturing firms in New York were more optimistic about the six-month outlook than last month.
After dipping in January, the index for future business conditions rose 15 points to 32.3. The indexes for future new orders and shipments climbed to similar levels. Firms expected employment and hours worked to increase at a solid pace in the months ahead.
The capital-expenditures index rose 11 points to 29.3, and the technology spending index edged up to 22.1.
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 5 points to 8.8 in February.
It marked a bit of a bounce back after the index had fallen 8 points to 3.9 in January, “its lowest level in well over a year.”
The February reading, based on firms responding to the survey, indicates “business activity grew modestly in New York,” the New York Fed said in its Feb. 15 survey 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 32 percent of respondents reported that conditions had improved over the month, while 23 percent said that conditions had worsened, the New York Fed said.
Survey details
The new-orders index climbed 4 points to 7.5. The shipments index fell 8 points to 10.4, its “lowest level in well over a year,” though the index reading does indicate a “decent pace” of growth, the New York Fed said.
Unfilled orders held steady, inventories were little changed, and delivery times were slightly longer.
The index for number of employees fell for a second straight month, declining 3 points to 4.1. But since it was still a positive number, it pointed to “slight increase” in employment levels. The average-workweek index moved down to 2.5.
The prices-paid index fell for a third consecutive month, sliding 9 points to 27.1, indicating a “continued slowing” of input-price increases. The prices-received index increased 10 points to 22.9, “suggesting that selling price increases picked up.”
Manufacturing firms in New York were more optimistic about the six-month outlook than last month.
After dipping in January, the index for future business conditions rose 15 points to 32.3. The indexes for future new orders and shipments climbed to similar levels. Firms expected employment and hours worked to increase at a solid pace in the months ahead.
The capital-expenditures index rose 11 points to 29.3, and the technology spending index edged up to 22.1.
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 5 points to 8.8 in February. It marked a bit of a bounce back after the index had fallen 8 points to 3.9 in January, “its lowest level in well over a year.” The February reading, based on firms responding to the survey, indicates “business activity […]
The Empire State Manufacturing survey general business-conditions index rose 5 points to 8.8 in February.
It marked a bit of a bounce back after the index had fallen 8 points to 3.9 in January, “its lowest level in well over a year.”
The February reading, based on firms responding to the survey, indicates “business activity grew modestly in New York,” the New York Fed said in its Feb. 15 survey 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 32 percent of respondents reported that conditions had improved over the month, while 23 percent said that conditions had worsened, the New York Fed said.
Survey details
The new-orders index climbed 4 points to 7.5. The shipments index fell 8 points to 10.4, its “lowest level in well over a year,” though the index reading does indicate a “decent pace” of growth, the New York Fed said.
Unfilled orders held steady, inventories were little changed, and delivery times were slightly longer.
The index for number of employees fell for a second straight month, declining 3 points to 4.1. But since it was still a positive number, it pointed to “slight increase” in employment levels. The average-workweek index moved down to 2.5.
The prices-paid index fell for a third consecutive month, sliding 9 points to 27.1, indicating a “continued slowing” of input-price increases. The prices-received index increased 10 points to 22.9, “suggesting that selling price increases picked up.”
Manufacturing firms in New York were more optimistic about the six-month outlook than last month.
After dipping in January, the index for future business conditions rose 15 points to 32.3. The indexes for future new orders and shipments climbed to similar levels. Firms expected employment and hours worked to increase at a solid pace in the months ahead.
The capital-expenditures index rose 11 points to 29.3, and the technology spending index edged up to 22.1.
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.
