- Before -20.9
- Empire Manufacturing -14.3 compared to -20.9 last month
- New orders -16.2 compared to -17.2 last month
- Prices paid 33.7 compared to 28.7 last month
- Prices received 16.9 compared to 17.8 last month
- Number of employees -5.1 compared to -7.1 last month
- Average work week -10.6 compared to -10.4 last month
- Shipments -14.4 compared to -6.9 last month
- Unfilled orders -10.1 compared to -10.9 last month
- Delivery times -7.9 compared to -4.0 last month
Prospective indices at 6 months:
- general business conditions 16.7 against 21.6 last month
- new orders 17.9 compared to 29.3 last month.
- Prices paid 40.4 compared to 35.6 last month.
- Prices rose to 29.2 from 32.7 last month.
- Number of employees 4.5 compared to 18.3 last month.
- Average work week for employees -4.5 compared to 14.9 last month.
- Capital expenditure 6.7 compared to 11.9 last month.
- Technology spending 2.2 compared to 5.9 last month.
- New orders 17.9 compared to 29.3 last month.
- Shipments 21.8 compared to 33.7 last month.
- Unfilled orders 0.0 compared to 9.9 last month.
- Delivery time -3.4 compared to 6.9 last month.
- Stocks -11.2 compared to 5.0 last month.
Richard Deitz of the New York Fed said:
“Manufacturing activity continued to contract in New York State in April and employment continued to decline. Optimism about the outlook for future business conditions remained muted.
Overall, weakness persists in the state’s manufacturing sector.
For the full report CLICK HERE
This article was written by Greg Michalowski at www.forexlive.com.
cnbctv18-forexlive