Highlights:
- Manufacturing activity fell for a third
consecutive month in New York State. - The prices
paid index climbed for a fifth consecutive
month. - Employment was negative and lower.
-
New orders and shipments rose after declining previously..
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Looking at the details:
- Prior month -8.10
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- May Empire manufacturing index -9.2 vs -10.0 estimate
- New orders 7.0 versus -8.8 last month
- Prices paid 59.0 versus 50.8 last month.
- Prices received 22.9 versus 28.7 last month.
- Shipments 3.5 versus -2.9 last month
- Employment -5.1 versus -2.6 last month.
- Average work week -3.4 versus -9.1 last month.
- Unfilled orders 4.8 versus 4.1 last month.
- Delivery time 1.0 versus 0.0 last month.
- Inventories 4.8 versus 7.4 last month.
Six month forward business conditions:
- General business conditions -2.0 versus -7.4 last month
- new orders -2.7 versus -6.6 last month.
- Number of employees 11.6 versus 3.4 last month
- average work week -4.8 versus -4.1 last month
- Shipments -3.4 versus -4.8 last month.
- Unfilled orders -9.5 versus -7.4 last month.
- Delivery time -3.8 versus +1.6 last month
- Inventories 1.9 versus -15.6 last month.
- Prices paid 66.7 versus 65.6 last month.
- Prices received 35.2 versus 45.9 last month.
- Capital expenditures -6.7 versus 1.6 last month
- Supply availability -27.6 versus -18.0 last month
This article was written by Greg Michalowski at www.forexlive.com.
