A pessimistic present and optimistic future for manufacturing
The latest Empire State Manufacturing Survey, which identifies trends across manufacturing executives, showed a deceleration of current assessments of manufacturing activity and an improvement in future assessments of manufacturing activity.
This chart shows current and future conditions of manufacturing activity since 2008. Monday’s report showed a notable deceleration of current assessments of manufacturing activity.
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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 an improvement to future assessments with the current activity index falling to a notably weak level of -10.41 while future activity improved to 27.22.
Current prices paid rose to 19.15 while current new orders weakened to -14.03 as assessments of future new orders improved to 17.02.