A pessimistic present and optimistic future for manufacturing(Read article summary)
The latest Empire State Manufacturing Survey, which identifies trends across manufacturing executives, showed a deceleration of current assessments of manufacturing activity and an improvement in future assessments of manufacturing activity.
The Empire State Manufacturing Survey consists of a series of diffusion indices distilled from a monthly survey of New York regional manufacturing executives and seeks to identify trends across 22 different current and future manufacturing related activities.
Today’s report showed a notable deceleration of current assessments of manufacturing activity and an improvement to future assessments with the current activity index falling to a notably weak level of -10.41 while future activity improved to 27.22.
Current prices paid rose to 19.15 while current new orders weakened to -14.03 as assessments of future new orders improved to 17.02.