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A mixed bag for manufacturing

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(Read caption) This graph current prices paid, current conditions, future conditions and US recessions since 2007, according to the Empire State Manufacturing Survey.

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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. 

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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.