Monday, October 17, 2011

NY Fed: Empire State general business conditions index "little changed" in October

by Calculated Risk on 10/17/2011 08:30:00 AM

From the NY Fed: Empire State Manufacturing Survey

The Empire State Manufacturing Survey indicates that conditions for New York manufacturers continued to deteriorate in October. The general business conditions index remained negative and, at -8.5, was little changed. The new orders index hovered around zero, indicating that orders were flat, while the shipments index rose above zero to 5.3.
...
The index for number of employees rose several points but was at a relatively low level of 3.4, while the average workweek index was negative for a fifth consecutive month.
This is the first regional manufacturing survey released for October. Expectations were for some improvement in this index.

Weekend:
Summary for Week Ending Oct 14th
Lawler: Early Read on Existing Home Sales in September
Schedule for Week of Oct 16th