A mixed bag for manufacturing(Read article summary)
Current assessments of manufacturing activity declined slightly, according to the latest report from the Empire State Manufacturing Survey.
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 slight decline for current assessments of manufacturing activity and an improvement to future assessments with the current activity index falling to a notably weak level of -7.78 while future activity improved to 22.41.
Current prices paid rose to 22.58 while current new orders weakened to -7.18 as assessments of future new orders improved to 25.11.