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 improvement for current assessments of manufacturing activity and a continued decline to future assessments with the current activity index climbing to 20.21 while future activity declined to 47.5.
Current prices paid jumped to 50.62 while current new orders weakened to 6.84 and assessments of future new orders weakened slightly to 41.98.
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