Manufacturing activity slows
The current activity index fell to 6.56, while future activity declined to 43.12.
This chart shows the annual change in the Empire State Manufacturing Survey over the past four years. New York manufacturing slowed in March.
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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 notable deceleration of current assessments of manufacturing activity and a continued decline to future assessments with the current activity index falling to 6.56 while future activity declined to 43.12.
Current prices paid declined to 45.78 while current new orders weakened to 6.48 and assessments of future new orders improved to 45.78.