by Calculated Risk on 2/15/2019 08:36:00 AM
Friday, February 15, 2019
From the NY Fed: Empire State Manufacturing Survey
Business activity grew modestly in New York State, according to firms responding to the February 2019 Empire State Manufacturing Survey. The headline general business conditions index moved up five points to 8.8. New orders and shipments also increased modestly. Delivery times were slightly longer, and inventories held steady. Labor market indicators pointed to a slight increase in employment and hours worked. The prices paid index moved lower for a third consecutive month, indicating an ongoing deceleration in input price increases, while the prices received index climbed ten points to reach its highest level in several months, indicating a pickup in selling price increases. After slumping last month, indexes assessing the six-month outlook improved noticeably, suggesting firms were fairly optimistic about future conditions.This was close to the consensus forecast.
The index for number of employees fell for a second consecutive month, declining three points to a still-positive 4.1, pointing to a slight increase in employment levels, and the average workweek index moved down to 2.5. emphasis added
Posted by Calculated Risk on 2/15/2019 08:36:00 AM