- Prior was -3.90
Details:
- New orders xx vs 0.0 prior
- Shipments xx vs -5.7 prior
- Employment xx vs 7.3 prior
- Average employee workweek xx versus 3.5 prior
- Prices paid xx vs 37.6 prior
- Prices received xx vs 19.8 prior
- Unfilled orders xx vs -14.9 prior
- Delivery times xx vs -5.9 prior
- Inventories xx vs 4.0 prior
- Supply availability xx vs -6.9 prior
Manufacturing activity increased in New York State, according to the January survey. The general business conditions index rose eleven points to 7.7, returning to positive territory after a small dip below zero in December. New orders and shipments increased, with the new orders index rising eight points to 6.6 and the shipments index climbing twenty-one points to 16.3, its highest level in over a year. Unfilled orders decreased. Inventories edged down and delivery times were unchanged. The supply availability index came in at -4.1, suggesting supply availability was slightly worse than last month.
Six-month outlook:
- General business conditions xx vs 35.7 prior
- New orders xx vs 38.0 prior
- Shipments xx vs 33.3 prior
- Number of employees xx vs 8.8 prior
- Average employee workweek xx vs 12.9 prior
- Prices paid xx vs 55.4 prior
- Prices received xx vs 46.5 prior
- Capital expenditures xx vs 6.9 prior
- unfilled orders xx vs 12.9 prior
WHAT IS THE NY FED MANUFACTURING INDEX?
The New York Fed Manufacturing Index (officially known as the Empire State Manufacturing Survey) is a monthly economic indicator that gauges the health of the manufacturing sector in New York State.
Because it is released very early in the monnth, usually around the 15th, it is considered a “bellwether” or leading indicator for the broader U.S. manufacturing industry and the overall economy
