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Empire State Manufacturing Survey posts

Empire Index Falls in May

Posted May 17th 2010 10:00AM by Mark Fightmaster (RSS feed)
Filed under: Economic Data

The New York Federal Reserve Bank announced Monday that the Empire State Manufacturing index dropped to 19.1 in May from 31.9 in April. This drop suggests that the pace of growth slowed during May, with new orders and shipments dropping (although the benchmarks managed to remain in positive territory).

Why are we interested in the Empire State Manufacturing Index? Many economists consider it an early indicator for what will happen with the May edition of the Institute for Supply Management's national manufacturing survey that is due out in two weeks.

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Empire State Manufacturing Index declines in June

Posted Jun 16th 2008 9:13AM by Joseph Lazzaro (RSS feed)
Filed under: Bad News, Industry, Economic Data, Recession

The Empire State Manufacturing Survey indicated that manufacturing activity in New York State continued to deteriorate in June, the Federal Reserve Bank of New York announced Monday.

The general business conditions index fell to -8.7 in June from -3.2 in May. Economists surveyed by Bloomberg News had expected the index to register a -0.5 reading in June.

The indexes for new orders, shipments, and unfilled orders were negative and lower than their May levels. The prices paid index remained elevated, falling only slightly below last month's record high.

Also, the prices received index rose markedly and, at 26.7, approached a record level; the future prices received index also rose sharply, reaching a record high of 47.7.

Meanwhile, the employment indexes hovered around zero. Future indexes generally improved only slightly from the relatively low levels of the past several months, although the capital expenditures index rose several points.

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